Articles Posted in assignment of rent

Understanding “Assignment of Rents” in Mortgage Foreclosure Cases
Florida Foreclosure Defense Law Firm, P.A.

Florida Statute 697.07 allows banks to obtain an assignment of rents as additional security in the event of default of a mortgage.  Sending a written demand under Florida Statute 697.07(3) is a crucial step in perfecting the lender’s right to rental payments. After default and upon a written demand by the mortgagee, the mortgagor must deliver…

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