A ruling from Florida’s Fourth District Court of Appeal notifies borrowers that under the Florida Consumer Collection Practices Act, banks have the right to seek attorney fees from prior foreclosure action as a condition of reinstating loans.

Kelley Kronenberg partner and shareholder Jason Vanslette in Fort Lauderdale believes as home prices continue to soar, attorneys representing borrowers should be cognizant of the continual costs that accrue during a period of default by the borrower.