Foreclosure works a little differently in each state, and in Florida the process can take up to two years, depending upon the homeowner’s response. As a lender, or an attorney for a lender, you need to understand the foreclosure timeline in order to save yourself or your client as much time and money as possible.
Why a Process Server is a Good Option
A professional process server will be experienced in serving a variety of civil processes, including home mortgage foreclosure complaint and lis pendens. Lis pendens is the notice of foreclosure a lender must file with the state. Florida law requires that the homeowner be served with a notification when lis pendens is filed.
When you choose a reliable process server company, they will get this situation taken care of correctly and promptly, reducing the lender’s wait-time for a judgment from the court. After service of process, the homeowner will have 20 days to respond. This is why it is crucial to contact and serve the notice as soon as possible. After those 20 days, the lender will then know whether the homeowner plans to contest, which lengthens the process.
Some homeowners avoid being served process for foreclosure, which can significantly delay judgment. Attempting to reach the person yourself can sometimes be difficult and time-consuming. A good process server will offer investigative services to assist in finding the person and getting that initial 20 day wait started.
No one wants to serve foreclosure papers, but you must protect your company and clients. Make sure that when you find yourself needing a service of process for a foreclosure, you use a professional who knows how to accurately document each stage and follow Florida state laws. Getting the process completed as quickly as possible will save you money.
