Appellate Court Clarifies Foreclosure Statute of Limitations Period
Florida's Fifth Circuit Court of Appeal's January 14, 2018 opinion in Velden v. Nationstar Mortgage clarifies how much a Mortgage Lender can collect if it misses the five-year statute of limitations deadline to file suit after the Borrower's breach of the mortgage contract by missing a payment. A lender typically has five years after a borrower first defaults on a loan to sue for foreclosure. The Velden opinion holds that a lender can foreclose anew with each new missed payme
