Beyond The Numbers: Visualizing The Condo Crisis In Miami

As I’ve posted here and here, it seems that new case law under the Interstate Land Sales Full Disclosure Act (ILSA) is being made in Florida courts on what might be a weekly basis, owing to the great surge of lawsuits brought by Florida condo purchasers looking to recover their preconstruction deposit money.  Those involved in this [...]

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ILSA Case Law Alert: Southern District Of Florida Holds That A Violation Of The Interstate Land Sales Full Disclosure Act Is Also A Per Se Violation Of The Florida Deceptive And Unfair Trade Practices Act

A hat tip goes out to Tim O’Neill, who brought a brand new and crucial opinion interpreting the federal Interstate Land Sales Full Disclosure Act (ILSA) to my attention.  The case is Trotta v. Lighthouse Point Land Company, LLC, 2008 U.S. Dist. LEXIS 10559 (S.D. Fla. Feb. 2008), which was handed down less than two [...]

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Recent Case Law Roundup: Some Key Decisions Interpreting The Interstate Land Sales Full Disclosure Act (ILSA)

As predicted, the current condo litigation wave in Florida is continually adding to the stock of judicial opinions interpreting the Interstate Land Sales Full Disclosure Act, the primary federal law regulating sales of condominiums.  Here is a summary of the most important decisions:
Meridian Ventures, LLC v. One North Ocean, LLC, 2007 WL 4414816 (S.D. Fla. Dec. [...]

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Singer Island Resort Buyers File Securities Class Action Against WCI Communities

Add a new breed of condo buyer lawsuit to the growing pile of cases which have been and are being filed under Florida condominium law and the federal Interstate Land Sales Full Disclosure Act in Florida courts.
As reported on CNN, troubled Florida homebuilder WCI Communities has been hit by a class action brought under federal [...]

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New Blog On California Condo And Real Estate Law

My old Harvard Law School classmate Greg Weston, whose firm is based in San Diego, California, has started a new blog that I know will be of interest to some of my readers. Greg has been taking a close look at some of the legal issues relevant to the housing market crash from a California perspective, including [...]

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A New Kind Of Condo Lawsuit: Related Group Sues Brokers To Claw Back Commissions On Defaulted Condo Units

The Miami Herald reports on the newest flavor of lawsuit directly attributable to the South Florida condo market crisis: a developer suing real estate brokers to claw back commissions for condo units on which the buyers failed to close.  According to the Herald, Miami condo titan Related Group filed at least 15 lawsuits in the [...]

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