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Category: Banks and Mortgages

Significant Changes in Mortgage Underwriting Immediately Impacts Florida Condominiums

Significant Changes in Mortgage Underwriting Immediately Impacts Florida Condominiums

Please Click here to review our Important Blog on Florida's Condominium and Structural Safety Law - 2022 Legislative … more

Posted in Banks and Mortgages, Building Maintenance, Condominium Association, Reserve Accounts
Florida’s Safe Harbor – Calculating Bank Liability for Delinquent Assessments After Foreclosure of Multiple Condominium Units

Florida’s Safe Harbor – Calculating Bank Liability for Delinquent Assessments After Foreclosure of Multiple Condominium Units

The real estate market has seen a tremendous influx of large companies purchasing multiple units and lots within an … more

Posted in Assessment Collection, Banks and Mortgages, Community Association, Condominium Association, Court Decisions of Importance, Foreclosure, Homeowners Association
4th DCA Applies 1 Year Statute of Limitations for Deficiency Judgment

4th DCA Applies 1 Year Statute of Limitations for Deficiency Judgment

The rule in any litigation is that timing is everything. Miscalculating deadlines, and especially mis-construing application … more

Posted in Banks and Mortgages, Community Association, Condominium Association, Court Decisions of Importance, Foreclosure, Homeowners Association
Uniform Commercial Real Estate Receivership Act

Uniform Commercial Real Estate Receivership Act

On July 1, 2020, Florida became the tenth state to adopt the Uniform Commercial Real Estate Receivership Act (“UCRERA”) … more

Posted in Banks and Mortgages, Foreclosure, Real Estate Law, Receivership, Tenant/Landlord
Florida Supreme Court Rules Purchaser May Recover for Betterments to Property if Foreclosure Sale Vacated

Florida Supreme Court Rules Purchaser May Recover for Betterments to Property if Foreclosure Sale Vacated

In David L. Griffin v LaSalle Bank, N.A., 45 Fla. L. Weekly S57 (Fla. Feb. 6, 2020), Florida’s Supreme Court quashed a … more

Posted in Banks and Mortgages, Civil Penalties, Community Association, Condominium Association, Court Decisions of Importance, Foreclosure, Homeowners Association
Proposed Mortgage Foreclosure Legislation May Negatively Impact Competitive Bidding at Community Association Foreclosure Sales

Proposed Mortgage Foreclosure Legislation May Negatively Impact Competitive Bidding at Community Association Foreclosure Sales

In today’s lien foreclosure market, most community associations benefit from competitive bidding at their lien foreclosure … more

Posted in Assessment Collection, Banks and Mortgages, Community Association, Condominium Association, Foreclosure, Homeowners Association, Legislation, Tenant/Landlord
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