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Yearly Archives: 2020

Canceling and Rescheduling a Mortgage Foreclosure Sale Now Requires a Motion

October 9, 2020 Banking & Financial Services Industry Legal Blog

In 2010, the Florida Supreme Court approved an amendment to the Florida Rules of Civil Procedure regarding mortgage foreclosures and enacted new forms, such as Form 1.996(b), Motion to Cancel and Reschedule Foreclosure Sale. In 2014, the Florida Supreme Court renumbered this form to the current Form 1.996(c) (2019).  If […]

Overview of Construction Teaming Agreements in Florida

October 7, 2020 Construction Industry Legal Blog

Teaming agreements in the construction world, also referred to as teaming arrangements, are agreements between two or more independent companies to combine their resources, abilities, and knowledge, for the purpose of obtaining and, if successful, performing a competitive bid construction contract. If done properly, teaming agreements can assist these companies […]

New Florida Law Substantially Reduces Retainage Rate on Government Construction Projects

October 1, 2020 Construction Industry Legal Blog, Florida Business Litigation Blog

On September 18, 2020, Florida Governor Ron DeSantis signed House Bill 101, an act relating to public construction, into law. This new law amends Section 218.735, Florida Statutes (the “Local Government Prompt Payment Act”) and Section 255.078, Florida Statutes (the “Florida Prompt Payment Act”), by reducing the maximum retainage rate […]

September 2020 Firm Newsletter: Reflections on Grief and Mending Fences

September 30, 2020 Newsletters

Featured in the September 2020 Issue Partner’s Perspective: Reflections on Grief and Mending Fences Firm Partner Leads Training Opportunities for CAI’s Virtual Education Event Managing Partner Installed to Mortgage Bankers Association (MBA) Jacksonville Board Register Now for the Construction Industry’s Webinar – Managing Problem Projects: You’ve stopped getting paid, now what […]

Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges: Part 4 – Assignment of Rents Under Section 697.07, Florida Statutes

September 22, 2020 Banking & Financial Services Industry Legal Blog, Florida Business Litigation Blog, Real Estate Development, Sales and Leasing Industry Legal Blog

Parts 1-3 of this series explored alternative pre-foreclosure loss mitigation options for lenders including acceleration and enforcement of personal guarantees. This article explores Section 697.07, Florida Statutes, which governs the assignment of rents. Assignment of Rents under Section 697.07, Florida Statutes Pursuant to Section 697.07, Florida Statutes, a mortgage or […]

Construction Industry Webinar: Construction Delay Claims – Best Practices for Subcontractors

September 18, 2020 Presentations, Videos

Construction Delay Claims: Best Practices for Subcontractors aired on Thursday, September 10, 2020. It provided legal insight and best practices to employ throughout a project to improve your chances of successfully bringing a claim for delay, disruption, or acceleration. This Managing Problem Projects webinar was geared towards Subcontractors and was […]

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, […]

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