What if I ignore a Florida foreclosure law suit filed against me?

Ignore the situation, and the bank will ultimately take the property back with a final foreclosure judgment and auction sale.  However, this is bound to become the worst case scenario for the borrower. The foreclosure process will absolutely have serious, long lasting ramifications that a borrower may have to deal with in the future, so it absolutely best for the borrower to participate now while the process is occurring. This decision to participate now may preserve, protect and safeguard valuable rights affecting future income, credit worthiness and income tax consequences.