Foreclosure action has been started against me for a piece of land I own in florida. What are the foreclosure laws in Florida?

Follow this link to an article from the Florida Bar a few months ago about a Florida foreclosure hotline. I hope it's still up and running: http://www.floridabar.org/DIVCOM/JN/JNNews01.ns...

Good luck on both suits.

Dennis Phillips, Esq.
Florida personal injury and wrongful death attorney. Negligence is no "accident" (TM)
www.inawreck.com

Your question is more complicated than the standard foreclosure case.
As you have a lawsuit pending against the investment group, builder and developer (I wonder why the title company isn't a defendant as well and you should inquire about that), you should speak with your attorneys about the foreclosure case and the next steps.
You may want to have them (or foreclosure defense counsel that may be brought into handle the foreclosure) seek to abate the foreclosure pending resolution of the fraud lawsuit, as monies from that might be able to be used to reimburse you for your expenses and repay the bank in connection with the property.
You might also want to consider subsequently deeding the wetlands to a municipality and getting tax benefits.
You have a lawyer already--talk with them and then seek additional counsel.