Becker & Poliakoff Attorneys Say Rising Tide of Condo Lawsuits May Swamp Florida Real Estate
Sun-Sentinel Opinion Article By Alan Becker & Allen M. Levine Urges U.S. Congress, HUD Action to Resolve Problem
FT. LAUDERDALE, FL, April 14, 2008 — Individuals who purchased Florida condo units in good faith in recent years face yet another threat to their property’s value from a rising tide of lawsuits by speculative investors seeking to exploit loopholes in the 40-year old federal Interstate Land Sales Full Disclosure Act, say two prominent South Florida attorneys.
In an Opinion piece published Saturday in the South Florida Sun-Sentinel, attorneys Alan Becker and Allen Levine of the law firm Becker & Poliakoff write that the mushrooming litigation, based on perceived loopholes in the federal legislation, known as ILSA, and governing regulations issued by the U.S. Department of Housing and Urban Development (HUD), represents a serious problem for the residential real estate market, particularly in Florida and potentially nationwide. >> Read full release
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Tags: Alan Becker, Allen Levine, Becker & Poliakoff, Condominiums, Florida, ILSA, Interstate Land Sales Full Disclosure Act, Litigation, Real Estate
