Secured Debt Shall Formula In Miami-Dade

State:
Multi-State
County:
Miami-Dade
Control #:
US-00181
Format:
Word; 
Rich Text
Instant download

Description

The Land Deed of Trust is a critical legal document designed to secure debts through real property in Miami-Dade. Specifically, it establishes a trust arrangement where the Debtor conveys property to a Trustee for the benefit of a Secured Party, ensuring the repayment of debts evidenced by a Promissory Note. This form outlines the terms of indebtedness, including conditions for default and the rights of the Secured Party, such as foreclosure. Legal professionals, including attorneys, partners, owners, associates, paralegals, and legal assistants, will find it invaluable for drafting and managing secured transactions. Key features include detailed instructions on filling out and editing the form, the importance of clear identification of parties, and securing additional advances. The form is specifically useful in cases of real estate financing and refinancing, as well as debt consolidation scenarios. Additionally, its inclusion of clauses for insurance and property maintenance requirements can aid in protecting the interests of all parties involved. As such, it facilitates a comprehensive understanding of obligations and rights under state law, essential for navigating secured debt in Miami-Dade.
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FAQ

—The writ shall require the garnishee to serve an answer on the plaintiff within 20 days after service of the writ stating whether the garnishee is indebted to the defendant at the time of the answer, or was indebted at the time of service of the writ, plus up to 1 business day for the garnishee to act expeditiously on ...

A creditor can garnish 25% of your disposable income or the amount by which your disposable income exceeds 30 times the federal minimum wage, whichever is less. In Florida, if your disposable income is less than 30 times the federal minimum wage, your wages can't be garnished at all.

Call the Credit and Collection Section at 786-469-5200, Monday to Friday, from 8 a.m. to 7 p.m., excluding holidays.

File a motion to dissolve writ of garnishment, pointing out any procedural mistakes with the Florida wage garnishment statute. Mail a copy of the claim of exemption form and the motion to dissolve to the judgment creditor's attorney.

The statute of limitations in Florida on debt is five years. This means that once the five-year timeline has expired, creditors can no longer file a lawsuit against the borrower to try and recover the debt. This is only true of debts that include a written agreement, though.

The tax rate for Miami-Dade County is 60 cents on each $100, or portion thereof, of the total consideration. Miami-Dade County also has a surtax of 45 cents on each $100, or portion thereof, of the total consideration. The surtax is not due on a document that transfers only a single-family dwelling.

After six years of dormancy on a debt, a debt collector can no longer come after and sue you for an unpaid balance. Keep in mind, though, that a person can inadvertently restart the clock on old debt, which means that the six-year period can start all over again even if a significant amount of time has already lapsed.

A Florida judgment lasts for 20 years. The time runs from the day the final judgment is signed by the judge and entered by the court. This 20-year timeline is established by section 55.081 of the Florida Statutes. A creditor can collect a judgment any time during the 20 years after its issuance.

The statute of limitations in Florida on debt is five years. This means that once the five-year timeline has expired, creditors can no longer file a lawsuit against the borrower to try and recover the debt. This is only true of debts that include a written agreement, though.

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Secured Debt Shall Formula In Miami-Dade