Bombshell in Florida real estate could destroy several wallets

Florida Real Estate – Area of Surfside Building Collapse, Surfside, FL – Courtesy: Shutterstock — Kristi Blokhin In response to the fatal collapse of the 12-story Champlain Towers South in Surfside, Florida, Governor Ron DeSantis signed legislation requiring emergency reserve funds for condominiums statewide in May of last year. Some real estate market experts have

Concerns have been raised regarding Florida’s new condo inspection law

Aerial View of Sunny Isles Beach Condo Area – Courtesy: Shutterstock – Image by Mia2you Several weeks after Florida lawmakers enacted a bill requiring existing condominiums to undergo safety assessments to maintain their structural integrity, Central Florida condominium association members had many questions regarding how the new regulations would affect owners. “It all depends on

Victims of the Surfside condo collapse may receive almost $1bn in settlement

Surfside Building Collapse Site – Courtesy: Shutterstock – Image by Felix Mizioznikov A tentative, nearly $1bn settlement has finally been reached in a class-action lawsuit brought together by the devastated families of survivors and victims of last June’s condominium collapse in Surfside, Florida, an attorney announced on Wednesday. Harley S. Tropin disclosed the $997m settlement