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: The Home Equity Theft ReporterStruggling SW Florida Condominium Association Seeks Blanket Receivership Appointment In Effort To Stay Afloat
By r morris
Full post as published by The Home Equity Theft Reporter on September 30, 2009 (boomark / email).
Stark & Stark Condominium Client Places into Rent Receivership an Affordable Housing Unit in Foreclosure
A Stark & Stark Community Association Group client recently defeated both the related municipality and unit's mortgagee and put an affordable housing unit into rent receivership...
Condominium Insurance Confusion Under New Florida Law
Condominium Assocations in Florida are required to have Property Insurance for property held by the Association. Reportedly, as of January 1, 2009 Owners of Condominiums ALSO (1) must "prove" to the Association that the Owners have Insurance (and if the...
Custodian of Condominium Association Discharged
In the Matter of Burnbrae Maintenance Association, 2008 WL 1952166 (Del. Ch., May 5, 2008), read opinion here. This is an example of the broad variety of cases that the Chancery Court handles on occasion...
Florida HOAs Say Foreclosure Crisis Getting Worse
“While economists and Realtors try to read favorable signs into national home sales data, frustrated Florida community association owners foresee 2010 actions ranging from potential community bankruptcies at one extreme, to deferred maintenance, amenity cuts and a lowering of association standards that further threaten property values,” the CALL report said...
The Battle For Material And Adverse: A Tale Of Two Florida Appellate Courts, And Two Florida Condominiums
One of the more popular articles on this blog provides a short discussion of Florida case law on what constitutes a material and adverse change to a condominium purchase agreement sufficient for the buyer to rescind the contract and recover his or her deposit money...
Fannie And Freddie Receive Unlimited Future Funds To Stay Afloat
``The Treasury Department said Thursday it removed the $400 billion financial cap on the money it will provide to keep the companies afloat. Already, taxpayers have shelled out $111 billion to the pair, and a senior Treasury official said losses are not expected to exceed the government's estimate this summer of $170 billion over 10 years...
Condominium Associations Insurance, Other Dues And Assessments.
Insurance Premiums for Condominium Association Insurance Policies are paid either from Owners' dues or from assessments on the Owners. Dues and assessments are paid to the Condominium Association...
Finally...Automatic Class Action Standing for Florida Homeowner Associations
Until 2008, Florida condominium associations had a distinct advantage over Florida homeowner associations as far as pursuing construction defect and financial claims on a class action basis...
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