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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Times New Roman","serif"">Is anyone able to handle a status conference tomorrow on a foreclosure case in Port St. Lucie County at the West Courthouse Annex at 10:30. Sorry about the short notice.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Times New Roman","serif""><o:p> </o:p></span></p>
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<p class="MsoNormal"><img width="218" height="60" id="Picture_x0020_1" src="cid:image001.gif@01CE4FC2.D6862B90" alt="Logo"><o:p></o:p></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri Light","sans-serif"">Tracye K. Solove, Attorney at Law<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri Light","sans-serif"">Certified Civil Circuit Mediator<o:p></o:p></span></p>
<p class="MsoNormal"><u><span style="font-size:10.0pt;font-family:"Calibri Light","sans-serif";color:blue"><a href="Tracye@solovelawfirm.com">Tracye@solovelawfirm.com</a><o:p></o:p></span></u></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri Light","sans-serif"">Kendallwood Office Park One<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri Light","sans-serif"">Miami, Florida 33186<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Calibri Light","sans-serif"">Phone: (305) 612-0800<o:p></o:p></span></p>
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<p class="MsoNormal" align="center" style="text-align:center"><i><span style="font-size:12.0pt;font-family:"Calibri Light","sans-serif";color:blue">Providing Statewide Legal Services in the areas of Commercial Collections and Recovery, Creditors' Rights, Commercial
Landlord/Tenant and Real Estate Foreclosures<o:p></o:p></span></i></p>
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<p class="MsoNormal"><b>From:</b> clc-discussion-bounces@lists.flabarrpptl.org [mailto:clc-discussion-bounces@lists.flabarrpptl.org]
<b>On Behalf Of </b>Alex Barthet<br>
<b>Sent:</b> Thursday, May 02, 2013 4:18 PM<br>
<b>To:</b> clc-discussion@lists.flabarrpptl.org<br>
<b>Cc:</b> Marleen Masi<br>
<b>Subject:</b> [CLC-Discussion] Time is of the Essence Clause<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">All:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I was hoping to tap the collective knowledge of the group. I am looking for some direction on exceptions to a time is of the essence clause.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I have a settlement agreement that contains a time is of the essence clause. There is no default, notice or grace period of any kind (they would not agree to it). My client made 20 payments on the agreement. The 21st payment was 1 day
late due to a bank error (payments were via wire and the bank’s wire processing facility was down that day). The creditor accepted the payment and then 3 weeks later sought a judgment for the full claim amount (about $150,000 more than the reduced settlement
amount). We only had 2 more payments left on the agreement. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">The law on this is not good. I have looked into the waiver issues as well as claims against the bank. That said,
<b>my focus now is if there are any exceptions you have seen to a time is of the essence clause because of issues out of a party’s control (strikes, technology, natural disasters, …)</b>.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Let me know and thanks in advance.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Regards,<o:p></o:p></p>
<p class="MsoNormal">Alex Barthet<o:p></o:p></p>
<p class="MsoNormal">Board Certified in Construction Law<o:p></o:p></p>
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