Florida Supreme Court Justice Lawson Hints at Special Statute of Limitations Considerations When Dealing with Long-Term Notes – Arias Bosinger

Last year, we wrote an article about the Florida Supreme Court ruling that each missed mortgage payment constituted a new default subject to a new five-year statute of limitations clock, meaning most lenders could proceed with foreclosure even after five years from the initial default.

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In Florida, a five-year statute of limitations could prevent banks from being able to foreclose, even after the lengthy court process.

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Florida Supreme Court Justice Lawson Hints at Special Statute of Limitations Considerations When Dealing with Long-Term Notes – Arias Bosinger Florida Appellate Court Muddles FAR/BAR’s finance contingency putting escrow. With over five million residential closings in Florida.

But the 5th District Court of Appeal in Daytona Beach said Friday that the statute doesn’t work like that, and it has asked the Florida Supreme Court to weigh in on the matter, saying it is of "great public importance.".

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