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Author: Jimerson Birr

Actions, Requirements & Results of Foreclosure

December 22, 2020 FAQs

Q: What are statutory notice requirements in Florida? A: With any assertion of default, compliance with notice provisions can be critical. In addition to default and acceleration notices, critical notices in Florida for commercial lenders are sequestration of rents and profits notices pursuant to Chapter 697, Florida Statutes and FDCPA […]

Lender Considerations & Options

December 22, 2020 FAQs

Q: Why would lenders attempt to workout defaulted mortgage loans? A: Once a mortgagor (borrower) has defaulted, it is often advisable to continue exploring constructive solutions to avoid the expense associated with foreclosure and resale of the collateral. Because workouts involve both parties working together to protect each other’s common […]

Foreclosures

December 22, 2020 FAQs

Q: What is a commercial foreclosure? A. When a secured creditor, usually a lending institution, attempts to recover monies owed based on a promissory note made by a commercial entity by legally recovering right to the collateral. Q: What is a decree of foreclosure and what are foreclosure proceedings under […]

Accelerations & Defaults

December 22, 2020 FAQs

Q: What can cause a default and acceleration in a commercial mortgage? A: Generally, the causes for default activating a lender’s right to foreclose are set forth expressly in the mortgage. Florida courts are liberal as to allowing the parties to freely determine what events may constitute default. Fundamentally, mortgage […]

Liens and Distress Actions

December 22, 2020 FAQs

Q: What is the landlord’s lien for rent? A: Section 83.08, Florida Statutes, provides that a landlord has a lien for unpaid rent upon the tenant’s personal property. The lien is upon all agricultural products raised on the rented property, upon all other property of the tenant “usually kept on […]

December 2020 Firm Newsletter: With No Direction Home, America is a Rolling Stone. How Does it Feel? 

December 21, 2020 Newsletters

Featured in the December 2020 Issue Partner’s Perspective: With No Direction Home, America is a Rolling Stone. How Does it Feel? Managing Partner Moderated Fall CLE Judicial Panel Firm Partner Leads Certification Course for Homeowner’s Association Board Members Jimerson Birr Nominated for Reader’s Choice Award – Last Chance to Vote Curiosities, […]

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