The Distressed Condominium Relief Act enacted as Part VII of the Condominium Act in 2010 (“Act”) was a temporary measure to encourage absorption of unsold condominium units arising as a result of the Great Recession. This...more
6/17/2015
/ Condominium Act ,
Condominiums ,
Construction Defects ,
Construction Industry ,
Distressed Properties ,
Florida ,
Foreclosure ,
Lenders ,
Miami ,
Mortgages ,
Real Estate Market ,
Residential Real Estate Market ,
Sunset Provisions
The purpose for the Florida Fair Foreclosure Act, which became effective in July, was to speed up the residential and commercial foreclosure process in Florida, where a foreclosure could take more than two years from start to...more