The Law can be complex…full of nuances and grey areas.
Many in the space of foreclosure and consumer justice have been hoping that the Florida Supreme Court will come out with a written opinion that establishes that mortgages cannot be foreclosed outside a five year statute of limitations.
I’ve been very clear about this and will remain so….
THERE IS NO WAY THE FLORIDA SUPREME COURT WILL FIND THAT STATUE OF LIMITATIONS APPLIES IN FORECLOSURES!
And while that seems very clear to me…the position articulated in this argument before the Florida Supreme Court…and specifically that no acceleration of a loan occurs unless their is a final judgment of foreclosure…well that’s just flat out bizarre to me.
And I’m not the only one…listen to how justice Fred Lewis tears into that mess of a way to rescue the banks.
