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Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges: Part 6 – Considerations for the Appointment of a Receiver During Commercial Foreclosures

Jimerson Firm

Traditionally, the appointment of a receiver was considered to be an extraordinary remedy, which must be exercised with caution as it is in derogation of the legal owner’s fundamental right to possession of the property. See Barnett Bank, N.A. Wells Fargo Bank, Nat’l Ass’n, 72 So. Bank Nat’l Ass’n v. Bank, 700 So.

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Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges – Part 3: Commercial Mortgage Default Options Including Acceleration and Enforcement of Personal Guaranties

Jimerson Firm

Bank of America, N.A., 3d DCA 2006) (“In Florida, an acceleration clause in a mortgage confers a contract right upon the note or mortgage holder which he or she may elect to enforce upon default.”). Bank, N.A. See, e.g. , Flagship Bank of Orlando v. Bank of Montreal, 542 So. First Nat’l Bank & Tr.,

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A Proper Final Judgment of Foreclosure: Form 1.996(a)

Jimerson Firm

The post A Proper Final Judgment of Foreclosure: Form 1.996(a) appeared first on Jimerson Birr Law Firm. Certification of Original Promissory Note is Required to Bring a Mortgage Foreclosure Action. Bringing a Residential Foreclosure Action? You Need a Verified Complaint.

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SBA Loans: How to Maximize Recovery by Liquidating Personal Property

Jimerson Firm

Repossession efforts may be lawful, provided the debtor does not object, and the collateral is taken from unenclosed parts of the debtor’s property, such as the driveway. Barnett Bank of Pensacola , 397 So. The post SBA Loans: How to Maximize Recovery by Liquidating Personal Property appeared first on Jimerson Birr Law Firm.

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How Can a Secured Creditor Repossess Collateral Without Breaching the Peace?

Jimerson Firm

Florida courts have also found a secured creditor breached the peace, if the secured creditor damaged the debtor’s property during repossession efforts, or used force to repossess the collateral. Barnett Bank of Pensacola , 397 So. Id ; Marine Midland Bank-Central v. Marine Midland Bank-Central , 351 So.

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Florida’s Fast-Track Residential Foreclosure Process

Jimerson Firm

The post Florida’s Fast-Track Residential Foreclosure Process appeared first on Jimerson Birr Law Firm. Continued reading: Certification of Original Promissory Note is Required to Bring a Mortgage Foreclosure Action. Bringing a Residential Foreclosure Action? You Need a Verified Complaint.

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Canceling and Rescheduling a Mortgage Foreclosure Sale Now Requires a Motion

Jimerson Firm

The post Canceling and Rescheduling a Mortgage Foreclosure Sale Now Requires a Motion appeared first on Jimerson Birr Law Firm. Bringing a Residential Foreclosure Action? You Need a Verified Complaint.