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Monthly Archives: August 2020

Florida’s Fast-Track Residential Foreclosure Process

August 24, 2020 Banking & Financial Services Industry Legal Blog

Since 2013, residential foreclosure actions in Florida have been significantly shortened—from over two (2) years to possibly less than six (6) months—because of the new “fast-track” process provided in section 702.10, Florida Statutes. This fast-track foreclosure process starts with the filing of a “verified” foreclosure complaint that sufficiently alleges standing, […]

Application of the Business Judgment Rule to Community Association Board of Directors

August 11, 2020 Community Association Industry Legal Blog

The board of directors of community associations are responsible for making important decisions affecting the community and its members. As a result, disputes sometimes arise between the association and its members. In the event the dispute evolves into a lawsuit, the business judgment rule will protect directors from personal liability […]

Overview of Florida’s New Uniform Commercial Real Estate Receivership Act

August 7, 2020 Banking & Financial Services Industry Legal Blog, Florida Business Litigation Blog

On July 1, 2020, the Uniform Commercial Real Estate Receivership Act (“Act”) became law in Florida as part of the newly created Chapter 714 of the Florida Statutes. The Act codifies existing common law in Florida regarding the right to have a receiver appointed by the court in commercial foreclosure […]

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