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Florida Supreme Court to Visit Lender-Friendly Foreclosure Rulings | Daily Business Review

In the rush to clear massive foreclosure backlogs, Florida courts favor lenders over borrowers, according to the nonprofit investigative Center for Public Integrity.
An appellate decision pending before the Florida Supreme Court shows the same alleged bias—exercised in an entirely different way. Here it’s stretching a five-year statute of limitations to let the lender collect on the home mortgage debt after the filing window closes.

This process of acceleration ejects the foreclosed homeowner and puts the property back on the market, allowing the lender to recoup its investment.
The Fifth District Court of Appeal’s ruling in Bartram v. U.S. Bank could reopen thousands of cases that were dismissed because of mortgage fraud, exposing these homeowners to the risk of losing their property, according to pro-consumer commentators.

via Florida Supreme Court to Visit Lender-Friendly Foreclosure Rulings | Daily Business Review.

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