Knightsbridge village homeowners association, Inc., 2016 WL 320601 (Fla. 4th DCA Jan. 27, 2016) wherein Florida’s Fourth District Court of Appeal held the filing of a notice of lis pendens by a first mortgage holder constitutes a bar to a community association’s foreclosure action that is based upon a claim of lien filed after the mortgagee’s notice of lis pendens. Upon a rehearing of the arguments, the Fourth District Court of Appeal set aside its previous ruling.
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Previously as discussed here, Florida’s 4th DCA held that the lis pendens expired at final judgment of foreclosure. This meant that any liens filed between the final judgment of foreclosure and the foreclosure auction/sale date were not extinguished by the foreclosure sale and remained on the property.
The 4th DCA follows the opinion in Evergrene Partners, Inc. v. Citibank, N.A., 143 So. 3d 954 (Fla. 4th DCA 2014). In E vergrene , the court held that a dismissed foreclosure action can be refiled to seek all future installments and all amounts no more than 5 years past due by moving the breach date ahead one month.
Florida’s 4th DCA Reverses Course – Community Associations Can Pursue Lien Foreclosure Despite Pending Mortgage Foreclosure – Arias Bosinger. By. Rodriguez. Posted in. Florida Home Loans News.
In the first four months of 2016, Florida’s 4th District Court of Appeals reversed many foreclosure judgments, primarily on standing grounds. In these appellate opinions, the appellate court repeatedly held that the banks failed to prove that they had standing to foreclose when they failed to prove that they had possession of the indorsed original note at the time the complaint was filed.
Florida’s 4th DCA Reverses Course – Community Associations Can Pursue Lien Foreclosure Despite Pending Mortgage Foreclosure – Arias Bosinger An adjustable rate mortgage (ARM) allows the lender to adjust the interest rate of a mortgage at scheduled intervals.
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Miami International Attorneys and Andrew Bernhard discuss whether improper HOA and condo association foreclosures are costing florida billions. (For more information, contact Miami International Attorneys at 786-566-1969, email@example.com, or www.miapl.com). Second Mortgages Get a Second Look
Florida’s 4th DCA Reverses Course – Community Associations Can Pursue Lien Foreclosure Despite Pending Mortgage Foreclosure. Arias Bosinger, Community Association, Legislation |
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