A tip from your Seminole County foreclosure and Seminole County short sale realtor. In a Seminole County foreclosure action, after a final judgment is entered in the foreclosure action, the judge will set a foreclosure sale date, which is usually 30-45 days after the entry of the Judgment. (Due to the backlog of Seminole County foreclosures, this time period is now longer) This is when the property will be sold at public auction. The lender of the property in foreclosure is entitled to bid up to the amount of the lien on the property. If no one bids more than the lender, the lender becomes the owner of the property.
Within 10 days of the sale date, the sale terms must be confirmed by the court that ordered the foreclosure sale. The clerk of court then issues a certificate of title, absent objection.
