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.
(c)2013 The Palm Beach Post (West Palm Beach, Fla.)
Visit The Palm Beach Post (West Palm Beach, Fla.) at www.palmbeachpost.com
Distributed by MCT Information Services
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 31, 2014
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