The FAR-BAR contract is a standard form contract used for the sale of residential real estate in Florida developed by The Florida Bar and Florida Association of Realtors. The FAR-BAr contract is widely used by owners, real estate ...
Recently decided in Dimitri v. Commercial Center of Miami Master Association, Inc., Case No. 3D16-2549 (Fla. 3d DCA Aug. 8, 2018), the appellate court had to rule upon the issue if a master condominium association was an association ...
Florida appellate courts have continued to make case law eroding the Florida statute of limitations for foreclosure filings allowing banks to proceed to judgment on previously dismissed cases refiled years after the foreclosure crisis. ...
Congress recently reenacted the “Protecting Tenants at Foreclosure Act” (PTFA) on May 24, 2018 which had expired as discussed here at the end of 2014 after running from 2009-2014. The PTFA went back into effect June 24, 2018. Per the ...
Florida’s 3rd District Court of Appeal out of Miami recently expanded the rejection of statute of limitations in foreclosure cases in U.S. Bank National Assoc., Trustee v Morelli, et al., Case No. 3D17-286 (Fla. 3d DCA June 6, ...
Section 720.306(1)(e) of the Florida Statutes recently amended to go into effect on July 1, 2018 requires that an amendment to any of the “governing documents” is effective when it is recorded. The HOA statutes were amended a few years ...
Wells Fargo will pay the Consumer Financial Protection Board (CFPB) and the Office of Comptroller of the Currency (OCC) a total of $1 billion to settle various investigations into lending practices; $500 million to each regulator. The ...
Recently on March 28, 2018, the governor signed House Bill 841 amending Sections 718 and 720 of the Florida Statutes concerning condominiums and HOAs. Some notable changes: HOA: Members of the Board may use e-mail as a means of ...
Under 718 (condos) and 720 (HOAs), owners have the right to view the official records of the association. This then leads to the question of what exactly encompasses the “official records.” In the arbitration case of ...
Typically after a foreclosure sale, if the lender retakes title which happens in many cases, its liability to the HOA for the former owner’s assessments are limited to the lesser of 1% of the original mortgage amount or 12 months ...