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Updated over 16 years ago,
FL Statute 501.1377?
I was looking at the FLREIA website and saw this article about the new florida law which pretty much points to all of us REI. The article was linked to another site which is selling some sort of package that has all the information on doing deals legally without paying this possible 15k fine. The Statute is aparently called "Forclosure Rescue Transactions", signed by Governor Crist. I have not heard of this until now. The package also comes with the disclosure form that is required to be signed prior to any deal.
Can anyone give me more information on this? Where would I find this special disclosure. I seriously doubt people are paying for the disclosure
Thanks for listening!
Oh and at what point does the disclosure have to be signed?