REAL ESTATE DISPUTE? [Edited May 1, 2017]
Buying a new home is an exciting -- and sometimes overwhelming -- event. For many people, it is the most significant transaction of their lives. In all the excitement, it can be easy to make some missteps or fail to see some red flags that could jeopardize your home and your rights as a homeowner.
Many people are aware that, in 2013, the Florida legislature shortened the period within which a lender must start a suit for the mortgage deficiency from five years to one year. What is a 'mortgage deficiency?' This is essentially defined as the amount a court determines is the difference between the value of the real property at the time it is sold and conveyed by the Clerk after the entry of foreclosure judgment and the total amount owed on the mortgage at that time.
Florida's tag as the Sunshine State positively influences individuals and businesses thinking of relocating. Many people choose homes in community associations, whether condominium, cooperative or homeowner associations.
Commercial Leasing in Florida:
Real Estate Litigation -- nobody wants to be there but sometimes it's the only answer. Large-scale real estate transactions in Florida can go sour for any number of reasons, ranging from allegations that a party has failed to perform to claims of fraud, breach of contract, survey and title problems, the list is endless.
Real Estate Litigation often arises from disputes over forfeiture or recovery of deposits under real estate Purchase and Sale Agreements.
It's hardly unimaginable for disputes to occur with regularity -- even numbing frequency -- in a planned residential community in Naples or elsewhere in Florida. The sources of acrimony leading to argument and, sometimes, legal disputes -- between neighbors, between property owners and directing boards, between elected condo association members and so forth -- are myriad in any community where many residents dwell and a panoply of rules and regulations govern their conduct.
Well, this tale is sure to rile up just about any individual in Florida or elsewhere across the country who lives in a homeowner or condo association often also referred to as "community associations,"
PARTITION AND CONTRIBUTION DISCUSSION: Click here for a discussion of various types of problems that can be solved with a Partition law suit: