Published by The Fund's Legal Services department, The Fund Concept is our monthly newsletter that has proven to be essential reading for our attorney members. If you are looking for the latest developments in real estate law and the title industry, this is where you will find them. Since 1969, this publication has been an important resource for education and information.
Florida’s Uniform Commercial Real Estate Receivership Act
By Marilyn Israel, Fund Sr. Underwriting Counsel, Commercial Services
In the wake of the pandemic, leveraged commercial real property may be more susceptible to default, foreclosure, loss, and waste. Historically, during the pendency of a commercial foreclosure action, one remedy creditors have had is the appointment of a receiver to protect and preserve the income and value of distressed property. But common law commercial receiverships based in equity developed haphazardly; they lacked clarity and predictability. An effort by the...
Post Date: 08/01/2021