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1 May 2015 | 103 replies
I recently had my attorney shore-up my promissory note (I loan to select flippers) such that I'm able to attach a lis pendens on the property in question, immediately.One of the things I learned is that it'll be a hit-or-miss proposition (but it is still worth it to me)... it's fairly easy to get a lis pendens dismissed in court, if it doesn't follow the strict FL rules regarding its relationship to the asset (real property) in question.You'll have to get an attorney to challenge the lis pendens, but this should not cost you much... unless it turns out to have a basis in fact, in which case the lender will have to show proof of imminent filing of an action sounding in tort.In my case, I use the possibility of a lis pendens (in my promissory note - in the event of default) to secure my interest in the property should it require me to litigate the note or institute a collection action.
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15 March 2017 | 52 replies
It's not just BofA, Wells and JP Morgan getting big fines, I saw a smaller lender on the origination side just got hit with a $120 million fine and owner was personally hit with a $1 million civil suit (of course this was a originator not a note investor).
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26 October 2017 | 2 replies
Matt Bassi is the planning director and relativity reasonable but the biggest issues in the city are (1) adherence to GP density designations, (2) there is an “anti-development guy in the city that has learned he can make large amounts of money by bringing litigation against every TM.
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23 February 2021 | 30 replies
It may never be an issue, but if there was a fire or some other litigation, the violation of building code could be used against the owner.
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21 November 2016 | 3 replies
Your local and state authorities mandate to what degree the use of licensed Structural and or Civil engineer would have to be utilized.
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17 October 2016 | 3 replies
They have been trying to get them to remove the animal through a more civil manner, but I was wondering if they do not ultimately comply with removing the animal, could they possibly evict him, and if so, what routes would you guys take in issuing a notice of compliance, etc.?
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11 January 2018 | 7 replies
The property is Pre-Civil War and has a very regal look to it.
14 December 2017 | 5 replies
If the tenant is nasty, he will likely litigate.
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21 March 2017 | 3 replies
Gene it sounds like the lease was not set up optimally when originally created.A commercial real estate attorney familiar with retail and business litigation should be able to properly evaluate the situation and make recommendations.Does the tenant per the lease have to disclose sales,business financials, and ongoing personal?
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31 March 2017 | 7 replies
I've also graduated from The University at Buffalo as civil engineer in 2010.