Case Name: AMERICAN EASTERN INVESTMENT CORP., a Florida corporation, Appellant, v. ORIGINAL OLIVER, INC., a Florida corporation, Baring Industries, Inc., a Florida corporation, and Leonard L. Farber, as General Partner of Shopping Center Associates, Ltd., a Florida corporation, Appellees
Court: Florida District Court of Appeal
Jurisdiction: Florida
Decision Date: 1989-09-20
Citations: 549 So. 2d 711
Docket Number: No. 88-2997
Parties: AMERICAN EASTERN INVESTMENT CORP., a Florida corporation, Appellant, v. ORIGINAL OLIVER, INC., a Florida corporation, Baring Industries, Inc., a Florida corporation, and Leonard L. Farber, as General Partner of Shopping Center Associates, Ltd., a Florida corporation, Appellees.
Judges: DOWNEY and WALDEN, JJ., concur.
Reporter: Southern Reporter, Second Series
Volume: 549
Pages: 711–712

Head Matter:
AMERICAN EASTERN INVESTMENT CORP., a Florida corporation, Appellant, v. ORIGINAL OLIVER, INC., a Florida corporation, Baring Industries, Inc., a Florida corporation, and Leonard L. Farber, as General Partner of Shopping Center Associates, Ltd., a Florida corporation, Appellees.
No. 88-2997.
District Court of Appeal of Florida, Fourth District.
Sept. 20, 1989.
Rehearing Denied Oct. 20, 1989.
Martin G. Brooks of Martin G. Brooks, P.A., Hollywood, for appellant.
Thomas R. Shahady of Houston, Shahady & Hatch, P.A., Fort Lauderdale, for appel-lee-Baring Industries.

Opinion:
PER CURIAM.
American Eastern Investment Corporation appeals an order and final judgment entered in favor of Baring Industries on Baring's counterclaim for replevin. We reverse.
It is well settled that an action for re-plevin may only be brought when the party bringing the action is entitled to immediate possession of the property in question. See Rinzler v. Carson, 262 So.2d 661 (Fla. 1972). Furthermore, the holder of a chattel mortgage does not have a right to immediate possession of the mortgaged property upon default; rather, the mortgage creates a lien on the property which may be acquired by judicial foreclosure. Martyn v. First Federal Savings and Loan Association of West Palm Beach, 257 So.2d 576 (Fla. 4th DCA 1971). Thus, in the instant case the trial court erred in ruling that Baring Industries, the holder of the chattel mortgage, was entitled to replevin. Our reversal is without prejudice to Baring Industries bringing an action for foreclosure, provided, that such an action would otherwise be allowable under the statute of limitations and other relevant statutes governing foreclosure actions. Additionally, the validity of Baring Industries' mortgage, the priority of the liens of the parties and the effect of the landlord's waiver would remain to be determined in such action.
REVERSED.
DOWNEY and WALDEN, JJ., concur.
GARRETT, J., dissents with opinion.