Generally speaking, as a result of sections 720.3085 and 718.116, Florida Statutes, lenders who acquire property as a result of their own foreclosure of their first mortgage against their borrower only owe the association the lesser of 12 months back assessments or 1% of the initial mortgage, whichever is less. This is referred to as the lender’s “safe harbor” obligation. But, if the lender refuses to make timely payment to the association, is the lender also responsible for the costs and fees incurred by the association or is the lender only responsible for the “safe harbor” obligation? This was at issue in Emerald Estates Community Association v. U. S. Bank National Association, as decided by Florida’s Fourth District Court of Appeal on April 4, 2018. Read the article………………
The measure providing for the redevelopment of condominiums in the country has been unanimously approved…
After the Trustees of his condominium refused his request for an Architectural Variance to install…
David Langston is the President of Beaver Creek Homeowners Association and one of his many…
A March ruling by Florida’s First District Court of Appeal and the 2016 incident behind…
Officials said that Slothower devised a scheme to misappropriate more than $1 million from clients…
Dear Tony: Thank you for your column last week regarding levy refunds. Our strata council…