Articles Posted in florida foreclosures

Over $200 Billion in home equity lines of credit (second mortgages also known as HELOC’s) will be “celebrating” their ten-year anniversary over the next 4 years. This represents approximately 40% of all outstanding HELOC loans. These loans are problematic because most of them will require the borrowers to start paying down the principal on the…

A Florida appellate court recently reversed a decision to dismiss a foreclosure action involving Deutsche Bank for lack of prosecution under Florida Rule of Civil Procedure 1.420. Miami foreclosure defense attorneys are not surprised, given the Florida Supreme Court’s 2006 re-examination of the term “record activity” in the case of Wilson v. Salamon. That is,…