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The Florida Mortgage and Eviction Moratorium: Clarification for Community Associations (FL)

On April 2, 2020, Governor Ron Desantis issued Executive Order 20-94 which temporarily suspended all mortgage foreclosure and residential eviction “cause[s] of action” for 45 days.   The Order was subsequently extended four times, most recently pursuant to Executive Order 20-180 (“EO 20-180”), which was issued on July 29, 2020 and extended the moratorium until midnight on September 1, 2020. At the outset, EO 20-94 left many associations and members of the legal profession wondering whether the moratorium suspended condominium and homeowner association lien foreclosures and, if so, whether it stayed the issuance of final judgments only or halted the proceedings entirely regardless of what stage in the litigation they were at.    https://www.haber.law/the-florida-mortgage-and-eviction-moratorium-clarification-for-community-associations/

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Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions
 
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