pre 4 closure equity in Florida

[Mike Lee]

Newbie here with a dumb question:

I'm a little unsure what happens to the the owner's equity in a pre foreclosure in Florida. I read that some states, the owner loses their equity, but most states allow the owner to recover their equity after the lender recovers their fees (would these fees cover court costs as well?).

So, I'm not sure how it works here in florida. If they do recover the majority of their equity, then basically the only reason that an owner would have to sell their property at a substantially discounted price would be to avoid the 4closure on their record...right?