Month: March 2022

As if condos didn’t have enough problems, Fannie Mae and Freddie Mac have just come out with new guidelines that condos must follow. Fannie Mae and Freddie Mac are government-sponsored agencies that purchase large quantities of home loans to keep money circulating throughout the home mortgage economy.  They won’t purchase these loans any longer unless:…

So, I get a call a few weeks ago from a reporter at The New York Times. He was doing a story about the incredible number of condominiums in Miami and how fast they were all built. How the entire skyline on the coast changed dramatically in the past 40 years or so and if…

After the financial crisis of 2007 and 2008, The Florida Legislature passed the “bulk buyer” statute. The purpose of the law was to get large companies to purchase a bulk of units in a condominium without being labeled as a “developer”. If you are a developer you may owe lots of responsibilities to the owners.…

Florida Statute states: 120.565 Declaratory statement by agencies.— (1) Any substantially affected person may seek a declaratory statement regarding an agency’s opinion as to the applicability of a statutory provision, or of any rule or order of the agency, as it applies to the petitioner’s particular set of circumstances. A man by the name of James Hanseman…

I’ll tell you something – I give a lot of credit to Kathy Fernandez Rundle, The State Attorney for Miami-Dade County. She actually prosecutes cases of condo fraud, years ago she assembled a grand jury to make recommendations to the state legislature regarding condo crimes, kickbacks, conflicts of interest and the grand jury’s findings turned…