Effective October 8, 2015 foreclosure sales will be conducted online at www.hernando.realforeclose.com.
The Clerk's Office is responsible for conducting foreclosure sales in accordance with Chapter 45, F.S. Sales are held at 11:00 am every Tuesday and Thursday (except on legal holidays). The Clerk's Office conducts the sale via public auction on the Internet at the listed website, www.hernando.realforeclose.com. A list of all foreclosure filings by month as well as a list of sales handled prior to the implementation of online sales can be found here.
How does the online auction work?
Anyone may bid on the properties, and must register with the clerk on the website prior to the sale. The site provides information for each sale item, including the name of the owner, legal description and the opening or base bid. At the date and time specified for the sale, each item is auctioned in order of file number and sold to the highest bidder.
At the time of the sale, the successful high bidder must post with the Clerk a nonrefundable deposit of 5% for the successful bid. The remainder of the bid plus court registry fees plus the Judicial Sale Winner Bid Service Fee are due by 4:30 pm ET the following day. Payment may be made in the form of wire transfer, cash, cashier’s check, or ACH.
Upon payment of the remainder of the bid via counter, ACH, or wire transfer initiated, the Clerk will issue a Certificate of Sale. A Certificate of Title may be issued by the Clerk of the Circuit Court after ten (10) full days have elapsed from the issuance of the Certificate of Sale and provided there is no other action relating to the subject proceeding.
What equipment and software will I need?
There is no special software or hardware needed for the sale. In order to participate, bidders must have a computer with access to the Internet. The Clerk's office will provide a limited number of public computers for those without Internet access. Please contact a foreclosure clerk at (352) 540-6377 for availability.
Do I have to be present on the day of the sale?
Effective October 8, 2015, foreclosure sales for all new filings will be conducted entirely online at the website listed above. It will no longer be necessary to appear in person to participate in the sale.
How do I pay for my deposit? How do I Pay for my winning bids?
Deposits can be made electronically on this web site via ACH (Electronic Check). Wire transfers will be accepted but you MUST add $9.00 fee per transaction or it will be deducted from your deposit amount. Wire transfers may take up to 48 hours to be received and processed. Cash or cashier’s checks will also be accepted, however, these forms of payments must be delivered to the Clerk’s office. Personal Checks are NOT permitted.
Does the foreclosure sale erase all other liens on the property?
No. There may still be other encumbrances (judgments, priority mortgages, taxes or liens) that survive the sale. The winning bidder takes title to the property subject to all defects, liens, encumbrances and matters of which he/she has or could obtain knowledge. It is the bidders responsibility to perform all research regarding the property, including the value, title defects, liens, mortgages or other encumbrances. The Clerk's Office does not guarantee a clear title and is not responsible for any encumbrances on the property purchased at auction.
The laws regarding foreclosures are extremely complicated. It is recommended that all bidders perform a title search and consult an attorney prior to placing a bid. Transfers are the preferred method and must be initiated at the bidder's bank prior to 5:00 pm the day of the sale.
What if I fail to make the final payment or choose not to purchase the property?
If full payment is not made by 5:00 PM ET the day after the sale, your deposit will be forfeited. A Certificate of Non-deposit will be issued by the Clerk and the Court will be notified of the default.
For further information regarding foreclosure sales, please contact the Civil Division at (352)540-6377.