We’ve Got a Problem: Statute of Limitations on Long-Term Notes (FL)

A Florida Supreme Court justice Thursday issued a nearly five-page opinion to point out “the latest symptom of a more serious problem”—a misunderstanding over when the clock starts in foreclosure litigation with multiple defaults and suits.  The confusion centers on whether the date of each missed payment carries any legal significance when calculating lenders’ deadline to bring suit on mortgages and other long-term debt.  The answer: A missed payment does not start the clock on the five-year deadline. But new rulings show it does give the lender fresh opportunity to sue.    Read the article…………….

Related Articles

2018 Maryland Legislative Hot Topics

2018 marks the last Maryland legislative session before statewide elections in November. With the entire General Assembly and Governor up

Court Says HOA Can Issue Speeding Tickets; What’s Next, Undercover Ops?

The Illinois Supreme Court held in January that an HOA’s hired security officer could stop and issue a valid speeding

HOA bill proposal hearing held in Texas House

Some homeowners said the fines and fees tacked onto their homeowners association dues are unfair, and now the state Legislature