Florida Statute 702.06 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XL
REAL AND PERSONAL PROPERTY

Chapter 702
FORECLOSURE OF MORTGAGES AND STATUTORY LIENS

View Entire Chapter

F.S. 702.06

702.06 Deficiency decree; common-law suit to recover deficiency.—In all suits for the foreclosure of mortgages heretofore or hereafter executed the entry of a deficiency decree for any portion of a deficiency, should one exist, shall be within the sound discretion of the court; however, in the case of an owner-occupied residential property, the amount of the deficiency may not exceed the difference between the judgment amount, or in the case of a short sale, the outstanding debt, and the fair market value of the property on the date of sale. For purposes of this section, there is a rebuttable presumption that a residential property for which a homestead exemption for taxation was granted according to the certified rolls of the latest assessment by the county property appraiser, before the filing of the foreclosure action, is an owner-occupied residential property. The complainant shall also have the right to sue at common law to recover such deficiency, unless the court in the foreclosure action has granted or denied a claim for a deficiency judgment.

History.—s. 1, ch. 11993, 1927; CGL 5751; s. 1, ch. 13625, 1929; s. 5, ch. 2013-137.

F.S. 702.06 on Google Scholar

F.S. 702.06 on Casetext

Amendments to 702.06

Arrestable Offenses / Crimes under Fla. Stat. 702.06

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 702.06.

Annotations, Discussions, Cases:

Cases Citing Statute 702.06

Total Results: 20

U.S. Bank, National Association v. Estate of Robert Vadney, Vadney

Court: Fla. Dist. Ct. App. | Date Filed: 2024-05-24T00:00:00-07:00

Snippet: at 464. 4 § 702.06, Fla. Stat. (2021) (emphasis added). As

JUSTICE MICHAEL GURROLA vs STATE OF FLORIDA

Court: Fla. Dist. Ct. App. | Date Filed: 2023-09-08T00:00:00-07:00

Snippet: expert testimony under section 90.702). 6 In addition, Sergeant Laborda

STUART L. LONGMAN vs ATLANTIC COAST BANK, ROBERT J. MCKAY, WHITFIELD DEVELOPMENT CORP., DREAMFIELDS EQUESTRIAN COMMUNITY HOMEWONERS ASSOCIATION, INC. AND TDMA, LLC

Court: Fla. Dist. Ct. App. | Date Filed: 2023-08-18T00:00:00-07:00

Snippet: TDMA”). Longman argues that pursuant to section 702.06, Florida Statutes (2021), the trial court lacked… We agree with Longman’s argument that section 702.06 applies and does not permit the relief TDMA obtained…First, he claims that the plain language of section 702.06 governs the pursuit of a deficiency judgment. … claim for a deficiency judgment. § 702.06, Fla. Stat. (emphasis added). Longman correctly…against Longman in that case. Thus, section 702.06 gave TDMA only one other way to pursue a deficiency

JULIO LAGO v. MERCANTIL COMMERCEBANK, N.A., etc.

Court: Fla. Dist. Ct. App. | Date Filed: 2021-06-16T00:53:00-07:00

Snippet: judgment by virtue of [Florida Statutes] section 702.06 which provides, in pertinent part, that [i]n all…(Fla. 4th DCA 2015) (quoting Florida Statutes §702.06). Further, “[t]he law of mortgage foreclosure in

EDMUND ACCARDI v. REGIONS BANK

Court: Fla. Dist. Ct. App. | Date Filed: 2020-12-08T23:53:00-08:00

Snippet: Florida Statutes. Section 702.06, Florida Statutes (2020), allows a mortgagee to…through a separate lawsuit at common law. See § 702.06, Fla. Stat. (2020) (observing that a foreclosing…931 (Fla. 4th DCA 2012) (noting that “[s]ection 702.06 binds a plaintiff to a deficiency decree once the…foreclosure procedure. The amendment to section 702.06 recognizes that motions for deficiency are the

DYCK-O'NEAL, INC. v. RUDOLPH HERMAN

Court: Fla. Dist. Ct. App. | Date Filed: 2020-11-11T23:53:00-08:00

Snippet: citations and quotation marks omitted); see also § 702.06, Fla. Stat. (2019) (“In all suits for the foreclosure

GAIL FLINN v. KEVIN DOTY, as Curator of the Estate of Robert A. Flinn

Court: Fla. Dist. Ct. App. | Date Filed: 2019-07-10T00:00:00-07:00

Citation: 275 So. 3d 671

Snippet: be entered. However, the court cited to section 702.06, Florida Statutes (2018), which governs mortgage…and the judgment amount pursuant to section 702.06, Florida Statutes. Century Group, Inc. v. Premier

Dyck-O'Neal, Inc. v. Heather Lanham

Court: Fla. Dist. Ct. App. | Date Filed: 2019-02-17T23:53:00-08:00

Snippet: with this Court’s precedent and held “that section 702.06, Florida Statutes (2014), permits an independent

Dyck-O'Neal, Inc. v. Oerti Stermilli

Court: Fla. Dist. Ct. App. | Date Filed: 2018-08-03T00:53:00-07:00

Snippet: claim but has not adjudicated the claim, section 702.06, Florida Statutes (2014), permits the lender or

Dyck-O'Neal, Inc. v. Heather Lanham

Court: Fla. | Date Filed: 2018-07-05T00:00:00-07:00

Citation: 257 So. 3d 1

Snippet: claim but has not adjudicated the claim, section 702.06, Florida Statutes (2014), permits the lender or…subject-matter jurisdiction over the suit under section 702.06, Florida Statutes (2014), because the foreclosure… sole issue in this case is governed by section 702.06, Florida Statutes (2014), which every district … So.2d 587 , 591 (Fla. 2006). Section 702.06 reads in relevant part: In all suits for the…denied a claim for a deficiency judgment. § 702.06, Fla. Stat. (2014) (emphasis added). "

WHITNEY BANK, a Mississippi state v. Von Daniel Grant Jr., and Lisa D. Grant

Court: Fla. Dist. Ct. App. | Date Filed: 2017-08-07T00:00:00-07:00

Citation: 223 So. 3d 476, 2017 WL 3360822, 2017 Fla. App. LEXIS 11399

Snippet: foregoing statute in pari materia with section 702.06, Florida Statutes (2015), which provides that “…accrues once the sale has occurred. See § 702.06, Fla. Stat. (the amount of deficiency after a short…section 95.11(5)(h) in pari materia with section 702.06 is therefore unwarranted, since this case does

Bonita Real Estate Partners, LLC v. SLF IV Lending, L.P.

Court: Fla. Dist. Ct. App. | Date Filed: 2017-07-14T00:00:00-07:00

Citation: 222 So. 3d 647, 2017 WL 2988898, 2017 Fla. App. LEXIS 10102

Snippet: motion for deficiency judgment pursuant to section 702.06, Florida Statutes (2012), claiming that the “fair…case.filed a motion for deficiency under section 702,06, which authorizes a trial court to enter a deficiency…judgment and sale.”). We note that section- 702.06 provides in relevant part that a party “shall also

Bush v. Whitney Bank

Court: Fla. Dist. Ct. App. | Date Filed: 2017-05-19T00:00:00-07:00

Citation: 219 So. 3d 257, 2017 WL 2200223, 2017 Fla. App. LEXIS 7182

Snippet: should be interpreted in conjunction with section 702.06 of the Florida Statutes (2015) which reads: …must be interpreted in conjunction with section 702.06. We disagree.1 "Questions of statutory…following a short sale, then the portion of section 702.06 addressing short sales would effectively be read…statute. We disagree. The language of section 702.06 does suggest that the Legislature considers an …limitations does not govern this type of action, section 702.06 operates to limit the recovery in this type of

Dyck-O'Neal, Inc. v. Meikle

Court: Fla. Dist. Ct. App. | Date Filed: 2017-04-05T00:00:00-07:00

Citation: 215 So. 3d 604, 2017 WL 1278075, 2017 Fla. App. LEXIS 4630

Snippet: section 702.06 was unenforceable because it was “vague and a violation of due process.” Section 702.06 provides…judgment. § 702.06, Fla. Stat. (2014) (emphasis added). *606We have recently held that section 702.06 is “unambiguous…deficiency judgment pursuant to Florida Statute 702.06 which is both vague and a violation of due process

In Re: Amendments to the Florida Evidence Code

Court: Fla. | Date Filed: 2017-02-15T23:53:00-08:00

Snippet: Federal Rule of Evidence 702. -6- of Evidence superseded Frye

Dyck-O'Neal, Inc. v. Konstantinos

Court: Fla. Dist. Ct. App. | Date Filed: 2016-12-08T23:53:00-08:00

Snippet: is authorized by the plain language of section 702.06, Florida Statutes (2013), we reverse. … stated: "[T]he plain language of section 702.06, Florida Statutes (2013),[1] authorizes the filing…independent 1 Section 702.06 provides as follows: In all suits…#39;s plain language interpretation of section 702.06." Gdovin, 198 So. 3d at 987.

Sylvia Higgins and Collier Higgins v. Dyck O'Neal, Inc.

Court: Fla. Dist. Ct. App. | Date Filed: 2016-09-27T00:53:00-07:00

Snippet: that have upheld the clear language of section 702.06, Florida Statutes. The drum beat has gone on. …recently held that the “plain language” of section 702.06 permitted the company to pursue the “deficiency…Second District recently characterized section 702.06 as allowing the “filing of the statutorily permitted…complaint for a deficiency judgment under section 702.06 to proceed. See Dyck-O’Neal, Inc. v. Huthsing,

Dyck-O'Neal, Inc. v. McKenna

Court: Fla. Dist. Ct. App. | Date Filed: 2016-08-12T00:00:00-07:00

Citation: 198 So. 3d 1038, 2016 Fla. App. LEXIS 12212, 2016 WL 4262111

Snippet: deficiency judgment. This court held that section 702.06, Florida Statutes, “is unambiguous,” and “the foreclosure

Gdovin v. Dyck-O'Neal, Inc.

Court: Fla. Dist. Ct. App. | Date Filed: 2016-08-10T00:00:00-07:00

Citation: 198 So. 3d 986, 2016 Fla. App. LEXIS 12038, 2016 WL 4204470

Snippet: s conclusion that the plain language of section 702.06, Florida Statutes (2013), authprizes the filing…District’s plain language interpretation of section 702.06 and 'instead concluded that the outcome was…plain language of the 2013 amendment to section 702.06 “trumps whatever perceived inconsistency” exists

Dyck-O'Neal, Inc. v. Rojas

Court: Fla. Dist. Ct. App. | Date Filed: 2016-07-15T00:00:00-07:00

Citation: 197 So. 3d 1200, 2016 Fla. App. LEXIS 10854, 2016 WL 3769012

Snippet: filed a separate action at law pursuant to section 702.06, Florida Statutes (2013), to obtain a deficiency…holding that the unambiguous language of section 702.06 *1202 permits the filing of a separate…facts of the case, the plain language of section 702.06 permitted it to do so. Accordingly, we reverse