Governor Scott Signs Distressed Condominium Relief Act - Check Your Condo Documents


  • March 26, 2018
  • /   
  • /   Articles,Distressed Real Estate Solutions,Real Estate,Multifamily & Condominiums
Condominium Multi Family
The legislative session ended with a photo-finish last-hours-of-the-session maneuvering which resulted 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 Distressed Condominium Relief Act, as the Legislative Dust Settles


  • March 23, 2018
  • /   
  • /   Articles,Distressed Real Estate Solutions,Real Estate,Multifamily & Condominiums
Condo Buildings
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”).

Distressed Condominium Act: Mitigating the Legislative Risks


  • February 12, 2018
  • /   
  • /   Articles,Distressed Real Estate Solutions,Real Estate,Multifamily & Condominiums
Coporate Securities buildings
The Distressed Condominium Relief Act (“DCRA”) is currently set to expire on July 1, 2018. More specifically, effective July 1, 2018, acquirers of distressed condominium units will no longer be eligible for the “bulk buyer” or “bulk assignee” classifications.