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July 2014 Deadline for Older Foreclosure Deficiency Judgments – Small South Florida Banks and Credit Unions Increasingly Aggressive on Deficiency Collection Efforts

According to the new Florida Fair Foreclosure legislation, the deadline for a bank to sue a defaulting home owner for the amount left on a mortgage after a foreclosure (the deficiency) was changed from 5 years to 1 year, regardless of when the cause of action accrued....

The 2007 Florida Case of Duggan v. Peacock Point – Innocent Misprepresentation in a Florida Land Deal Results in Major Lawsuit and Seller Wins

Last Update: 02/24/16 True story. Back in the summer of 2007, when “Umbrella” by Rihanna was a new summer hit and “Transformers” was the summer blockbuster, a contract was signed in Destin, Florida, for the sale of a six-lot waterfront...