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A Foreclosure can be a very complicated and tricky matter. I recommend anyone going through a foreclosure to learn the laws regarding foreclosure in their state. This site is particularly focused on the foreclosure laws in the state of Florida, as this seems to be one of the hardest hit areas during this foreclosure crisis. Click Here for A Free Consultation With A Foreclosure Defense Attorney in Florida

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Friday, May 13, 2011

Florida Statute 702.065 - Uncontested Foreclosure Proceedings

702.065 Final judgment in uncontested proceedings where deficiency judgment waived; attorney’s fees when default judgment entered.
(1) In uncontested mortgage foreclosure proceedings in which the mortgagee waives the right to recoup any deficiency judgment, the court shall enter final judgment within 90 days from the date of the close of pleadings. For the purposes of this subsection, a mortgage foreclosure proceeding is uncontested if an answer not contesting the foreclosure has been filed or a default judgment has been entered by the court.
(2) In a mortgage foreclosure proceeding, when a default judgment has been entered against the mortgagor and the note or mortgage provides for the award of reasonable attorney’s fees, it is not necessary for the court to hold a hearing or adjudge the requested attorney’s fees to be reasonable if the fees do not exceed 3 percent of the principal amount owed at the time of filing the complaint, even if the note or mortgage does not specify the percentage of the original amount that would be paid as liquidated damages. Such fees constitute liquidated damages in any proceeding to enforce the note or mortgage. This section does not preclude a challenge to the reasonableness of the attorney’s fees.

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