Dec. 1, 2016

South Florida Real Estate Fraud

By Richard L. Petrovich

Real estate fraud can happen to anyone.  Institutional lenders are victims.  Private mortgage lenders are victims. Small businesses and individuals are victims. Through this blog, we attempt to locate articles and press releases and identify the various mechanics and schemes fraudsters use to commit mortgage fraud.

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Grand jury’s damning report on public schools is proof that parental choice is best

As Published in the Miami Herald

The recent grand jury report findings only confirm what parents already know — the system is broken.

Sadly, the report’s release is just another incrimination of the Broward County School Board. The grand jury consisted of 18 volunteer members of our community from Miami-Dade, Broward and Palm Beach voter rolls representing a full array of our diverse community. The investigation included a review of thousands of documents with more than 150 witnesses providing testimony. It culminated in several recommendations, including the recommendation that Gov. Ron DeSantis replace four Broward County School Board members for incompetence and neglect of duty.

SECURED LENDERS AND SECURED VENDORS BEWARE

A NEW SUPREME COURT RULING HOLDS THAT IN FLORIDA, THE DEBTOR’S NAME ON A FINANCING STATEMENT MUST BE EXACTLY CORRECT OR THE SECURITY INTEREST MAY BE DECLARED INVALID

Since the mid-1960s, lenders, and vendors in Florida have been able to perfect security interests in personal property collateral in order to help insure repayment of debt. Under the Uniform Commercial Code (UCC), which is contained in Chapters 671 through 679 of the Florida Statutes, three actions need to occur in order for a security interest to be perfected – (1) an agreement in writing creating the security interest (the security agreement), (2) consideration passing between the parties, and (3) in most situations, the filing of a financing statement (UCC-1 form) with the Florida Secured Transactions Registry. The security interest is perfected when the last of the three items occur.

Will the Inflation Reduction Act of 2022 Affect Me?

A SPECIAL REPORT by Tripp Scott's Tanya Bower and Christine Yates

The "Inflation Reduction Act," H.R. 5376, (the "Act") was signed into law on August 16, 2022.  Despite the new title, the Act is essentially the scaled-down version of the previously proposed "Build Back Better Act."  Any time legislation is passed, particularly legislation containing tax provisions, the first question clients ask is often the same, "What does this mean for me?"  Below, please find our brief summary of the Act provisions.  For a more detailed discussion, CLICK HERE to read the article. Should you have any questions, please contact us to further discuss how the Act affects your situation specifically.

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