What happens to the condo association? Is it possible to dissolve it and take full ownership of the properties? If it can be dissolved, what happens to the previous funds accumulated by the previous condo association?

I am buying a new construction duplex from a builder. However, each unit of this duplex has its own property ID (aka parcel ID or folio ID), so they are 2 properties technically, and they are called "condo" in the cou...

BP, I own a 33.33% membership interest in an LLC that holds a two-family property, alongside two partners with equal stakes. Due to strategic differences, I plan to dissolve my interest within the next 3-6 months. How...

I don't know if this is a dumb question or not, but I've seen properties in Miami/Broward owned by LLCs that if you look them up on Sunbiz, the LLC is dissolved for non payment, non filing of annual report, etc. 
My ...

So here is the situation. I purchased a condo in an a development that does not have an HOA. The original developer of the Condos went bankrupt and after that point there has not been a functioning HOA. One of the own...

Hypothetical 1031 Exchange question here for one entity with multiple members: If you have an LLC with three people in it holding a rental and all partners decide / agree / vote to sell... Would I be able to take my p...

Hello all. We’re trying to close on a seller financed mixed use building. However, it came out kind of late in the game that the property is not actually owned by the seller. It’s owned by a dissolved LLC in care of h...

Is this scenario an option for a 1031?- Three owners of Two commercial real estate properties - owner A has been unwilling to sell, buy out owner B and C or lease one empty property, emptied out bank account sabotagin...

Hi everyone
I am from Florida and I bought a house in the foreclosure auction from the county
The way it looks like the Hoa put the lien on the property and got the final judgment from the court I win the property at ...

We are starting the process of dissolving our investment business (LLC) that has two partners. We know we have to sell 1 property, but the rest will probably be distributed equally. My question is when we sell the pr...