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Florida Supreme Court Justice Lawson Hints at Special Statute of Limitations Considerations When Dealing with Long-Term Notes 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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Under Florida Law the applicable statute of limitations is 5 years from maturity if maturity can be calculated or 20 years from origination if maturity cannot be calculated. If the note and mortgage matured 5 years ago the statute of limitations will have run, but also the loan should be paid depending on the type of loan you had.
Private Mortgage Fraud Investigator Zeroes In on Deutsche Bank (BOYNTON BEACH, FL) — A private forensic mortgage auditing firm is burning the business air waves today. germany-based Deutsche Bank is the target.MFI-Miami LLC says it is narrowing its multi-state investigation into illegal home foreclosures by focusing exclusively on Deutsche.