On October 1, 2023, several changes to Florida law governing estoppel letters (also referred to as “payoff letters”) prepared by lenders and servicers became effective. §701.04, Fla. Statute, now includes the following notable changes: A lender or servicer’s deadline to respond to an estoppel letter request from a record title owner, or fiduciary or trustee … Read more
Three (3) notable changes are coming to the way residential and commercial property insurance claims will be handled in Florida. On December 12, 2022, the Florida Legislature held a Special Session focused on property insurance. Among the many changes are: Smaller claim deadlines. The bill amends §627.70132, Fla. Stat. to reduce the deadline for policyholders … Read more
By: Michael C. Caborn and Richard B. Weinman Updated 4/6/2020 Evictions Under the Florida Supreme Court’s latest Administrative Order of April 6, 2020 (AOSC20-23) Writs of Possession, commonly used in eviction and foreclosure matters, will not be issued through the close of business on Friday, May 29, 2020. Many Judicial Circuits are issuing Orders suspending … Read more
Establishing the priority of a lender’s mortgage lien during foreclosure or bankruptcy can be challenging when the collateral is also encumbered by governmental or quasi-governmental liens with unsettled lien priority. One such problematic example is the lien priority of PACE loans. Florida’s “PACE” Program (which stands for Property Assessed Clean Energy) was created in 2010 … Read more
On July 2, 2018, the Ninth Judicial Circuit of Florida, which covers Orange and Osceola Counties, will deactivate its Business Court. Cases now pending in Business Court will be assigned to other Circuit Civil divisions and Judges between now and July 2, 2018. Any trials and pretrial dates scheduled to occur in Business Court after … Read more