The legislative session ended with a photo-finish, last-hours-of-the-session maneuvering, resulting in the passage of HB 841, which among (many) other unrelated matters also removes the “sunset” provision of the Distressed Condominium Relief Act (“DCRA”). The DCRA was set to expire on July 1, 2018. More specifically, effective July 1, 2018, acquirers of distressed condominium units would no longer be eligible for the “bulk buyer” or “bulk assignee” classifications. Read the article………….
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