Foreclosure is the term used to describe the legal process of repossessing or "taking back" real estate because a mortgagor fails to make payments as agreed. The process may only be initiated by the lender, which is often a bank. Florida is a state that allows for judiciary foreclosure. As a result, a bank or homeowners' association wishing to foreclose a property must first obtain a judge's consent. The truth is that Florida foreclosures are never easy, but there are actions you can take to prevent your financial troubles from getting to this stage. Get in touch with us to find out how!