More On Equitable Mortgage & Usury (Florida)

"There has to be an approach that’s more equitable, because this problem is a silent thing, but it’s big." People in oil-rich states like Texas are more aware of mineral rights and, thus avoid the.

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Florida law defines the term "knowingly" in the context of a mortgage fraud case to mean that the defendant is aware of the act and is not acting through ignorance, mistake or accident. In a mortgage fraud case in Florida the term "material" is defined to mean a fact a reasonable person would use to decide whether to do or not to do.

Usury laws are bright line rules that allow for business planning. We can try to police the same problems on an ad hoc equitable basis using doctrines like unconscionability, but these fuzzy standards make it very hard for businesses to know what is allowed and what isn’t.

Florida Man Pleads Guilty to Mortgage Loan Mod Scam It might be raining, but we have 5 things to keep you entertained this weekend Mortgage Masters Group By navigating our site, you agree to allow us to use. that he wouldn’t be afraid of taking in Group races if the conditions were wet. Hopefully, we’ll have that rain come the afternoon. His odds of.Man pleads guilty to stealing $9K from Oxnard resident in loan scam An orange county man pleaded guilty to stealing about $9,000 from an Oxnard resident in a mortgage loan modification scam,

Researching Res judicata and: categories: 1)Equitable Mortgage 2)Usury 3)Deed-In-Lieu 4)Unjust enrichment 5)Filing a – Answered by a verified Lawyer We use cookies to give you the best possible experience on our website.

Usury is purely interest rate not an equitable interest in any equity. Usury is 18% in Florida. DO NOT CALL/EMAIL US LOOKING FOR FURTHER FREE ADVICE/ANSWERS OR WITH COMMENTS ABOUT QUESTIONS/RESPONSES HERE- we simply cannot accommodate these types of calls/email on such a large scale from the dozens of responses we post daily.

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But a simple reading of the plain language of Florida’s criminal usury statutes should leave foreclosure rescue operators with the queasy feeling that if they are making a profit of more than 25% on an annualized basis on one of their sale-leaseback-buyback deals, and the deal is deemed to be an equitable mortgage and/or a disguised loan, they.

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He pays the mortgage. be more difficult. Clearly, if you and your wife have lived in the house for many years, you will also get an "A." But in your case, you have just moved from coast to coast.