Mark Stopa has written a great analysis of how states across the nation have interpreted the statute of limitations once a debt has been accelerated. I did similar research and came to the same conclusion. Florida stands alone. There is no other state where a lender can decelerate a debt once the lender has chosen to accelerate the debt.
My “a-ha” moment came in April of 2014. I had never discussed the statute of limitations in foreclosure-world openly (on this blog or otherwise). Behind the scenes, though, I was spending countless hours researching case law from both Florida and other states. That research led to one obvious conclusion:
Every state in the country that had ever ruled on the statute of limitations ruled in our favor (save the Fifth District’s recent decision in Bartram).
Every. Single. State.