Florida Foreclosure Interest Rules

Summary

Post-judgment interest on foreclosure in Florida can be charged indefinitely until the judgment is fully paid, with the rate set annually by Florida Statute 55.03. The interest is calculated daily and compounded annually. If a summary judgment was granted based on an error, you can file a motion to vacate the judgment, but compelling evidence is required. The deadline to appeal a civil judgment in Florida is generally 30 days from the orders issuance. Consult an attorney for personalized advice.

Full Conversation

What is the statute *.*
Florida Statute *.* sets the rate of interest on judgments and decrees. The rate is set each year by the Florida Chief Financial Officer. As of *, it is *.*%. Is there anything else you need help with?
How much would that be from * till today on *,*
The calculation of interest depends on the annual rates for each year from * to today. Unfortunately, I can't give you the exact amount as I don't have the specific rates for those years. I recommend consulting with a financial advisor or using an online interest calculator.
Is the rate charged daily
Yes, the interest rate is usually calculated on a daily basis, but it is compounded annually. This means the interest accumulates over the course of a year, but it takes into account the balance owed each day.
.
Do you need assistance with anything else related to your legal issue or any other legal matter?
Is it possible that would actually add up *,* from *
The interest calculation depends on many factors, including the exact annual interest rates and the compounding method. It's possible that interest on $*,* could reach $*,* since *, but to confirm, you should consult a financial advisor or use an interest calculator.
How about if it was the wrong mortgage and name that was heard and got summary judgment
If a summary judgment was granted based on wrong mortgage or name, you can potentially file a motion to vacate the judgment. However, you'd need to provide compelling evidence of the error. I recommend consulting with an attorney for a thorough review of your situation.
The judgment was from * late to do that
Depending on your specific situation, there might be a possibility to challenge the judgment even if it's from *. Could you please provide more details about your case?
.
To give a more accurate response, I need more information about your situation. Was there any attempt to correct this error since the judgment in *?
I filled a motion to cancel sale last week for the wrong mortgage and it was denied
I'm sorry to hear about the denial. You may consider appealing the decision or filing a new motion with solid evidence. It's best to consult an attorney to guide you through this process. Can I assist with anything else?
it is too Late for the Appeal
In Florida, the deadline to appeal a civil judgment is generally 30 days from the order's issuance. However, there might be exceptions depending on your case details. You should consult with an attorney for accurate guidance.