“You’ve stopped getting paid, now what?” aired on Thursday, October 22, 2020. The webinar covered options subcontractors and suppliers can take upon nonpayment on a construction project. The presentation reviewed non-payment issues, and provided ideas for planning, due diligence, and best practices that subcontractors and suppliers can employ when their […]
Sometimes, foreclosure of a commercial property is the only option available to lenders and servicers to limit losses as a result of defaults on hotel and restaurant mortgages. Parts 1-4 of this series discussed pre-foreclosure options available to lenders dealing with hotel/restaurant mortgage defaults. This article provides a high-level overview […]
Under Florida law, condominium associations have the ability to assess unit owners for their proportional amount of the costs and expenses for maintaining and operating the condominium property. The ability of condominium associations to collect assessments from unit owners is provided for in Chapter 718, Fla. Stat., and in the […]
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 […]
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 […]
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 […]
A residential mortgage foreclosure action is initiated in Florida by filing a verified complaint with the appropriate court. All named defendants will need to be notified of the lawsuit by being served process with a copy of the complaint and a summons. The defendants may be served by personal service […]
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 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 […]
Featured in the August 2020 Issue Partner’s Perspective: You Have to be a Survivor to be a Provider Two Jimerson Birr Partners named Best Lawyers in America Register Now: Navigating Turnover of a Community Association from the Developer to the Community Managing Problem Projects: Construction Delay Claims Webinar New Law Blogs […]