In the newest ACMA Community Blog post, ACMA Fellow Anthony J. (Tony) Carriuolo writes that a Florida circuit court has declared that aspects of that state's "Fair Foreclosure" statute unconstitutionally impair the contractual rights and obligations embodied in the parties' loan documents.
Carriuolo notes that while the ruling specifically concerns a residential foreclosure, the statutory provision at issue may be applied to commercial settings and, therefore, is of relevance to those involved with real estate-back financing arrangements.
To subscribe to the Community Blog, Fellows should log-on to the ACMA website; select "Manage Profile" on the right-hand side of the home page; click on the Blog icon; choose the Community Blog ("What's Up?"); and select "Subscribe" to read the blog posts to-date and receive updates on future posts. Subscribers also may post comments in response to the blogs. In addition, ACMA Fellows are encouraged to write new blogs to be posted.
Fellows with questions about the ACMA Community Blog or needing assistance with subscribing or adding a blog post should contact ACMA at email@example.com or (301) 990-9075.
The information on the ACMA websites is for informational purposes only, and is not legal advice or a substitute for legal counsel; and in no event shall the listing of, nor the use of content from, any lawyers on the site constitute a referral, recommendation nor endorsement on the part of ACMA as to any such lawyer.