The Home Equity Theft Reporter: Expiring Statute Of Limitations In Foreclosure Cases A Growing Headache For Banksters?

The Home Equity Theft Reporter: Expiring Statute Of Limitations In Foreclosure Cases A Growing Headache For Banksters?

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If the theory applied by the Florida appeals court in the garden isles case has any applicability to the statute of limitations in mortgage foreclosure cases, one may reasonably argue that the cause of action for commencing a foreclosure action accrues at the time of the first default, and that a new cause of action does not arise each time a homeowner misses a monthly payment. Just a thought.

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The Home equity theft reporter Cases & Articles. The basic foreclosure statute – that is for mortgages executed after July 1, requires that the procedures outlined in the above statute be applied "without limitation" to the "judicial foreclosure of all liens upon real estate."

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mortgage 3.8 million home loans are delinquent, and prime loans are going into foreclosure faster than sub prime loans.

But a provision in the 2008 Farm Bill lifted the ten-year statute of limitations on the government’s ability to withhold Social Security benefits in collecting debts other than student loans-for which the statute of limitations was lifted in 1997-and income taxes, where the limit remains 10 years.

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We are aware of cases that have resulted in marital breakdown, loss of home and in a couple of particularly tragic cases, people taking their own lives.. Arecent FSFR probe into the takeover of cosmetics firm Kalinaended up falling foul of the statute of limitations. By:. Harry Sloan.

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