News Column

You Could Get Your House for Free

August 19, 2013

Florida's five-year deadline to foreclose on a home is ticking on thousands of aging cases statewide, giving lucky borrowers a shot at a free house and catching banks with muddled files unaware.

The statute is common contract law that says a person has five years to sue on a debt, with the right to collect that money expiring at the end of the time period.

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(c)2013 The Palm Beach Post (West Palm Beach, Fla.)

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Source: Copyright Palm Beach Post (FL) 2013


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