Foreclosures can be a lengthy, expensive process for both lenders and borrowers. There are several foreclosure alternatives lenders can consider that often achieve more effective resolutions, which are acceptable to both parties. When both the lender and borrower believe the borrower should remain in possession of the property, modification is […]
On Tuesday, June 15, 2021 from 12:00 PM-1:00 PM, three attorneys from our Real Estate Development, Sales and Leasing team will present Commercial Real Estate Transactions: How to Avoid Common Buyers’ Pitfalls. The one-hour presentation will be followed by lunch with the presenters to allow for further discussions and networking […]
In Florida, all mortgages are foreclosed in equity. Fla. Stat. § 702.01. Based on this, there are a few things lenders should be aware of before foreclosing on a mortgage: there is no right to a jury trial, the borrower has a right of redemption, the borrower is entitled to […]
Lenders sometime receive requests for a payoff amount during a foreclosure. This is because borrowers can reclaim their interests in property subject to foreclosure by paying off the balance of their loan, at any time before the clerk of the court files a certificate of sale (which is often referred […]
In 2018, the Florida Legislature amended section 718.113 of the Florida Statutes to include a provision requiring that condominium associations allow unit owners to install electric charging stations in limited common element parking areas assigned to each unit owner. The statute does not apply to common element parking spaces. What’s […]
Featured in the April 2021 Issue Partner’s Perspective: Choosing to Be an Ambassador of Fun and Happiness Watch Now: Critical Construction Contract Provisions Webinar Catch Up on our Banking & Financial Services Industry Blog Series for SBA Lenders Managing Partner Moderates Legal Panel for Banking & Financial Services Industry Curiosities, […]
The impact of the COVID-19 pandemic has been difficult on Florida businesses, particularly those in the hospitality, travel and restaurant industries, forcing many of them to close their doors to the public at various times and to suffer financial hardship. As businesses are beginning to re-open, a growing concern has […]
When a building owners hires a contractor to construct a building or other construction project, the contractor is often significantly more experienced when it comes to the ins and outs of the construction contract as well as the overall construction process. Oftentimes, a building owner may simply accept the contract […]
Lenders must pay particular attention to subordinate liens and encumbrances prior to initiating any foreclosure action. Lenders can discover whether subordinate liens and encumbrances exist on a property by performing a title examination prior to initiating foreclosure. Failure to discover subordinate liens and encumbrances will cause lenders to mistakenly exclude […]
On Wednesday, March 31, 2021 from 12:00 PM-1:00 PM, three of our partners presented Critical Construction Contract Provisions: What Subcontractors Should Know to Protect Their Bottom Line. This webinar covered critical contract provisions that you need to know to safeguard your project. Specifically, this presentation will help subcontractors identify crucial […]