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The Florida 5-Year Statute of Limitation Foreclosure Rule is Complex

Mon Jun 2, 2014 by on Florida Law News

Homeowner’s need to stand their ground and understand their rights. The application of Florida’s 5 year Statute of Limitations relating to a bank’s ability to foreclose a home (once 5 year’s has lapsed since the bank accelerated the loan)is in flux and a moving target. The Florida Supreme Court will now likely get involved and have the final say as various lower courts are all over on the issue. Until the issue is adequately addressed many homes will remain unsellable and remain unmarketable. Homeowners, (and yes even banks) have the right to know where they stand. Until that happens the application of the Florida five year statute of limitations will clearly hold back the entire Florida economy. These issues are complex and Oppenheim Law is on top of it. Contact us should you have a question concerning your home or property. Of course, every case is different and unique and homeowners rights are at risk, once again.

 

Florida real estate and foreclosure defense attorney Roy Oppenheim, Oppenheim Law Firm

Oppenheim Law Firm – Real estate and foreclosure defense attorney Roy Oppenheim passionately defends Florida homeowners and investors from foreclosure, arranging short-sales, loan modifications, mortgage advice, commercial litigation, and business related matters. Roy is also the original creator of the South Florida Law Blog, named the best business and technology blog by the Sun-Sentinel. Share your comments and thoughts on the Oppenheim Law digital media social networks; they’d love to hear from you.  – See more at: /a-boring-prognosticators-prognostication/#more-10109

 

One response to “The Florida 5-Year Statute of Limitation Foreclosure Rule is Complex”

  1. […] would end up with the home for free if in fact the bank did not rebring the foreclosure or if the five-year statute of limitations has kicked in.  In most cases, neither of those events indeed have […]