Articles Posted in florida homeowners

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 recent Florida appellate court ruling in U.S. v. Bartram spelled bad news for Florida homeowners fighting foreclosure hoping a state statute might prevent banks from continuing to pursue a foreclosure action past the five-year mark, per the statute of limitations indicated in Florida Statutes, § 95.11 (2) (c). This law indicates there is a…