foreclosure statute of limitations in Florida.
I'm looking for information about the rules and laws around the foreclosure statute of limitations in Florida. Are there such a thing? From my understanding if you are in foreclosure for over 5 years and still in the home you can keep the home but the bank will be on title? Or something to that effect.
Can I get some insight to this topic? Has anyone been through this?
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
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No, that was a delusion being promoted, for about 10 minutes..The theory was if was no active foreclosure in place at any point 5 years after one began they couldn't foreclose, but the lien would remain. Not true. See Batram vs US bank, 5th decade florida. There is no get out of jail free card, and the bank can foreclose.