Lenders Lose Where Default Notice is Lacking
- May 7, 2015
- Thomas Adam
- Foreclosures
In an earlier Florida Foreclosure Blog, we discussed how Paragraph 22 of many standard mortgage agreements can be the basis for a foreclosure defense. To quickly recap, a mortgage is a contract under which the lender and the borrower each agree to undertake certain obligations. Paragraph 22 of standard mortgage agreements contains a number of obligations that the lender must undertake before filing a foreclosure action. These requirements deal with giving the borrower a default notice and [...]