The Home Equity Theft Reporter: Lender’s Improper Calculation Of Interest Sinks Foreclosure Action, Leaves It Holding A Criminally Usurious Mortgage Loan Subject To Cancellation

(c) no Interest Period for any Loan may be established that would require repayment before the end of an Interest Period in order to make any scheduled principal payment on such Loan. 3.1.3 Interest Rate Not Ascertainable. If, due to any circumstance affecting the London interbank market, Agent determines that adequate and fair means do not.

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Foreclosure law in Florida has developed with unprecedented speed over the past five years. While the Rules of Civil Procedure and the Rules of evidence govern foreclosure actions just as they do any civil action, the volume of pending foreclosures alone can make this area of practice feel like the Wild West.

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