Legal Question in Real Estate Law in Florida
Property Lien
I've defaulted on a home equity loan, began in 8/1995 for 10 years, maturing in 2005. My last payment was 12/1998. Since 1998 there has been no contact from the bank and it was shown as a bad debt writeoff. Per FL statute it now appears unenforceable. Can I have this lien removed?
Asked on 7/31/06, 10:28 am
1 Answer from Attorneys
Alexander M. Rosenfeld
Rosenfeld & Stein, P.A.
Re: Property Lien
The statute of limitations runs from the maturity date of the obligation.
Answered on 8/11/06, 3:30 pm