palm beach lawyer real estate: The AS-IS Contract – How to Lose Over $1 Million - 07/06/20 05:08 AM
In a Florida Appellate Case the Buyer was hit with $850,000 in attorney fees and loss of its $285,000 deposit.  How?  Because the Buyer acting as their own legal advisor, did not understand the strict compliance of the AS-IS clause in a Florida As Is Residential Contract for Sale and Purchase (2012 version).
Here, the Buyer and Seller signed the FlaBar (Joint Florida Realtors / Florida Bar) As Is Contract for Sale and Purchase for a price of $2,830,000 with a deposit of $285,000. The deposit was in two stages: the first $50,000 upon contract acceptance by Seller and $235,000 upon expiration of … (5 comments)

palm beach lawyer real estate: COVID-19 AND THE EUROPEAN COMMUNITY – WHAT IS COMING TO OUR HOMETOWN - 04/08/20 07:36 AM
Alert - Special ZOOM meeting Thursday April 9, 2020:::::
The Rotary Club of Palm Beach is honored to present a Zoom LIVE video panel discussion with notables from Bournemouth and London England and Tuscany, Italy at NOON on Thursday April 9.  The topic will be COVID-19 AND THE EUROPEAN COMMUNITY – WHAT IS COMING TO OUR HOMETOWN.  The presentation will start shortly after the meeting starts and will last about 30 minutes or longer.  You can come in and leave anytime.
 
Panel members include a former Lord Mayor and current Councillor of Bournemouth, an estate planning Solicitor living in London, and a retired … (3 comments)

palm beach lawyer real estate: COVID-19 FORCE MAJEURE / ACTS OF GOD - IS THIS A CONTRACT EXCUSE? - 03/19/20 06:15 PM
Covid-19 is so far the BIGGEST news of the 21st Century.  In the realm of contract obligations in general and real estate transactions in particular, we have never dealt with life and death issues.  Now the ability to contract is matched only by the desire of buyers and sellers to perform and is being tested differently than the 2008 financing meltdown!
In my blog just 3 days ago (see https://activerain.com/droplet/5mCc) I discussed how difficult invoking the typical "FORCE MAJEURE" (Acts of God) clause would be even in the panic of Covid-19.  Essentially that article dealt with the mere "inconveniences" the panic was causing and focused on the ability … (0 comments)

palm beach lawyer real estate: ARE ASSOCIATION FORECLOSURES A FRAUD ON THE PUBLIC? - 01/30/19 05:21 AM
After being the winning bidder at an association foreclosure sale, one of my clients recently complained to me that Condominium or Homeowner Association foreclosures of liens are a fraud upon the public.  There is some truth to the statement and understanding his anguish on his own loss of $50,000 by being the "successful" bidder on one of them underscores his reasoning.
The foreclosure process of an association lien for non-payment of association assessments, is a straight forward process.  The property owner becomes delinquent, then the association places a lien on the property, and then the association files a foreclosure lawsuit that eventually … (6 comments)

 
Richard Zaretsky, Florida Real Estate Attorney (THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY)

Richard Zaretsky

Florida Real Estate Attorney

West Palm Beach, FL

More about me…

THE ZARETSKY LAW GROUP - Board Certified Real Estate Atty and AUTOMATED LAND TITLE COMPANY

Address: 1615 Forum Place, Suite 3A, West Palm Beach, Fl, 33401

Office: 5616896660 x 107

Mobile: (561) 329-2279

Legal true life experiences, general observations and commentaries for Realtors, Lawyers and Mortgage Brokers - also see our Palm Beach County Short Sales group blog.
var _clustrmaps = {'url' : 'http://activerain.com/rpzaretsky', 'user' : 949532, 'server' : '3', 'id' : 'clustrmaps-widget', 'version' : 1, 'date' : '2011-11-03', 'lang' : 'en', 'corners' : 'square' };(function (){ var s = document.createElement('script'); s.type = 'text/javascript'; s.async = true; s.src = 'http://www3.clustrmaps.com/counter/map.js'; var x = document.getElementsByTagName('script')[0]; x.parentNode.insertBefore(s, x);})();


Listings

Links

Archives

RSS 2.0 Feed for this blog