Real Estate Law
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Are you asking whether there is a statute of limitations within which the mortgage lender can file for foreclosure in Florida?
Thank you for your follow up.
Unfortunately, there is not statute of limitations when it comes to the mortgage lender pursuing foreclosure action on the property that is secured by the mortgage, however, there is 5 year statute of limitations when it comes to deficiency judgment, which is the amount of difference between the proceeds the foreclosed property is sold for and any amount owed to the mortgage company by the borrower.
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