Category: Banks and Mortgages
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Helping to Alleviate Condominium Unit Owner Reservations About New Statutory Reserve Requirements
The unanimous passage of Florida Senate Bill-4D was met with jeers, cheers and fears to some degree by nearly every … more
Significant Changes in Mortgage Underwriting Immediately Impacts Florida Condominiums
As a result of the Champlain Towers South collapse, Fannie Mae and Freddie Mac have imposed new requirements for mortgages … more
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
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
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
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