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

This answer is not specific legal advice, nor does it establish an attorney client relationship. If you have an attorney for your fraud lawsuit, you should talk to this attorney about the pending foreclosure action. If not, you really need to talk to an attorney admitted in Florida because there are too many factors to consider for anyone not your attorney to give you good advice.

This brings up an interesting area of law involving two lawsuits about the same property First you need to look at the lender and see if they had a relationship with the developer. If there is any connection, you may be able to get the cases consolidated. Under some circumstances, they still could be consolidated.
As to bankruptcy, it will depend on how much the case is worth. It may be worth hiring a good attorney in Lee county. This is an issue where you need to hire an attorney. Possibly the attorney that is handling the original suit against the people you listed.