Foreclosure defense attorneys estimate as many as 100,000 mortgage debts on foreclosed South Florida homes were wiped out this week by a year-old state law.
July 03, 2014 at 02:48 PM
1 minute read
A deadline for lenders to collect balances on distressed mortgages was a “big win” for thousands of homeowners.
Florida’s Fair Foreclosure Act, which took effect July 1, 2013, gave lenders one year from the date of foreclosure to sue homeowners for deficiencies or balances owed on mortgages.
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