How Long are Forclosures taking now in Orlando? My house I am renting is still in Liz Pendens since May 2008.

Kelly Jo
Other/Just Looking
Orlando, FL

Anyone know?

Answers (3)
Jacqueline Clar...
Mortgage Broker
or Lender

Orlando, FL

Hi Kelly Jo,

There is no set time limit or, for that matter, any rhyme or reason to the when a foreclosure will actually take place nowadays. Your best bet is to contact the attorney handling the foreclosure to discuss the timeframe. They may not give you much information but you may get a sympathetic ear. Some lenders are allowing the renters to remain in the property after foreclosure but it won't be rent-free and not lenders are doing it. Be sure to explain your situation and ask if that is an option.

Also, you submitted a question last year about buying a house. Where are you with your progress? Did you know that you may be eligible for down payment assistance?

Call me to discuss your options.

Sincerely,
Jacqueline Clarke
Enterprise Mortgage Group, Inc.
Winter Park, FL
Direct: 407-739-3853
Email: jclarke@enterprisemortgagegroup.com

Thu Feb 12 2009, 04:50
Lisa Reeves
Agent
Tampa, FL

If you have a copy of the lis pendens - you may contact the attorney because you are listed party since you live there. Ask them if they can give you a timeline of the action. If you landlord has an attorney call them and ask for a timeline. Some lenders are allowing tenants to remain so check and see what the lender is willing to do to help you out.

Wed Feb 11 2009, 09:07
Rick Aguirre
Agent
Orlando, FL
FIRST ANSWER

Kelly Jo,

Great question, After a Lis Pendens filing it can be a little as 4-6 month or a year or more. Each situation is Different depending on which bank is involved. I wish I could be more clear but I simply cannot.
I would be looking for a another residence.
You may also go to the Orange County Clerk of the courts website to see if the property you are renting is being auctioned, Here you can see if Final Judgment has been delivered
http://orangeclerk.onetgov.net/
Rick

Wed Feb 11 2009, 02:27

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