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The Foreclosure Auction

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Representing Buyers and Sellers in Foreclosure Auctions in South Florida

With a depressed housing market, it’s no secret that there has been an increase in foreclosure auctions throughout South Florida. The foreclosure auction process is not as clear-cut as many people think. If your home is being sold at a foreclosure auction, or if you are interested in buying a home through a foreclosure auction, speak with an experienced Miami real estate lawyer at Ferrer & Gonzalez.

Call us at 305-262-2728 or contact us online for a free consultation.

The Foreclosure Auction Process

For sellers, losing one’s home in a foreclosure auction can be a very terrifying and confusing experience. A seller’s rights and options may not be made clear by the lender. Only an experienced foreclosure auction attorney who is dedicated to your best interests will provide you with the advice and information you need.

For example, you should know that you are entitled to surplus proceeds earned in a foreclosure auction. We handle cases involving:

But getting your surplus proceeds could be a battle. We’ll take that on for you.

Interested in Buying Foreclosed Property in Miami-Dade County?

For buyers, purchasing a home at a foreclosure auction can be a risky option. You are often left without the ability to inspect the home before you purchase it. And even after you purchase it, the original homeowner has the opportunity through something called a “right of redemption” to buy back the property within a certain period of time.

Miami-Dade County currently has an online mortgage foreclosure system, which allows interested parties to place online bids on foreclosed properties. Our lawyers can help you understand how this bidding program works and what you can expect from the process, as well as how to protect yourself.

Contact Our South Florida Law Firm to Learn More

Whether you are a snowbird travelling from the northern parts of our country or a homeowner who is facing foreclosure, our Miami-based real estate firm is available to represent you throughout the foreclosure auction process. Call us for free initial consultation at 305-262-2728 or send us an email.

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