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To the average Floridian, the term “confession of judgment” is likely to be unfamiliar. One reason for this may be because the use of confessions of judgment, by lenders, is prohibited by Florida statute. A confession of judgment is basically a contract provision which allows a creditor to enter a judgment against a debtor without the need to file a complaint or to conduct a trial. In states like New York, in which confessions of judgment are recognized, a creditor may proceed directly to the Clerk of the Court and, based upon an affidavit alone, have a judgment entered against a debtor who is alleged to be in default.
The owners and condo board at 1060 Brickell Condos, a two-tower, 45-story luxury high-rise in…
Court ordered the association, led by Jacob Kassel. to turn over control, records to winners…
The Florida Third District Court of Appeal’s revised opinion in Avila v. Biscayne 21 Condo.,…
The issue of whether a condominium association can restrict a unit owner’s attorney from attending…
Join Jonathan Goldstein, Marnie Dale Ragan, and Rebecca Casamayor on October 14th at 12PM for…
As the real estate market continues to attract investors from across the country, more parties…