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Florida’s 4th DCA Reverses Course – Community Associations Can Pursue Lien Foreclosure Despite pending mortgage foreclosure – Arias Bosinger An adjustable rate mortgage (ARM) allows the lender to adjust the interest rate of a mortgage at scheduled intervals.
Florida’s 4th DCA Reverses Course – Community Associations Can Pursue Lien Foreclosure Despite Pending Mortgage Foreclosure – Arias Bosinger. By. Rodriguez. Posted in. Florida Home Loans News.
Previously as discussed here, Florida’s 4th DCA held that the lis pendens expired at final judgment of foreclosure. This meant that any liens filed between the final judgment of foreclosure and the foreclosure auction/sale date were not extinguished by the foreclosure sale and remained on the property.
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Knightsbridge Village Homeowners Association, Inc., 2016 WL 320601 (Fla. 4th DCA Jan. 27, 2016) wherein Florida’s Fourth District Court of Appeal held the filing of the notice of lis pendens by the first mortgage holder constitutes a bar to a community association’s foreclosure action based upon a claim of lien filed after the notice of lis.
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Florida’s 4th DCA Reverses Course – Community Associations Can Pursue Lien Foreclosure Despite Pending Mortgage Foreclosure – Arias Bosinger.. not all foreclosure cases are the same for the state’s more than 47,000 community associations,