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Did your realtor disclose to you the potential for legal problems with the Cross Tie property? Did they disclose any ongoing lawsuits? Did they disclose anything else that may materially and adversely affect the value and desirability of the your property, e.g. pending claims of litigation, notice from any governmental authority of any violation of any law or regulation, proposed zoning changes, street changes, threat of condemnation, or neighborhood noise or nuisance? Realtors are required by law to disclose that information and much more! If you're an owner selling property in a deed restricted community, are you aware of the requirement to provide a Disclosure Statement Summary (DSS) to prospective purchasers pursuant to s. 689.26 F.S.? (see below) Are you aware that a developer or owner collecting amenity fees is required to provide a yearly financial report of expenditures and receipts to residents pursuant to s. 689.265 F.S.? (see below) For your information here is a portion of some of the Florida Statutes, which describe how these issues should be handled. F.S. 689.26
Prospective purchasers subject to association membership requirement; disclosure
required.
DISCLOSURE SUMMARY FOR (NAME OF COMMUNITY)
The disclosure must be supplied by the developer, or by
the parcel owner if the sale is by an owner that is not the developer. Any
contract or agreement for sale shall refer to and incorporate the disclosure
summary and shall include, in prominent language, a statement that the potential
buyer should not execute the contract or agreement until they have received and
read the disclosure summary required by this section.
------Chapter 689, s. 689.265 Florida Statute------ Was all of this disclosed to you when you purchased? Did you sign a disclosure statement with everything fully disclosed? Exercise your rights by filing a complaint against your realtor, builder, or developer. You can do so with a "Uniform Complaint Form" and sending it to the Florida Real Estate Commission (FREC) or the appropriate DBPR division. FREC has stated that there is NOT a time limitation for you to file your complaint. Everyone is strongly encouraged to file a compliant even if you feel it may be too late or you think it may not have merit. Every Cross Tie Ranch owner has been materially damaged by the events that have occurred. And you have a moral right and obligation to file a complaint against those who have put you in this position!! Interested in organizations where you can get information on Homeowners Associations in Florida? Take a look at Cyber Citizens for Justice, Inc. |
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Cross Tie Ranch Copyright© 2005 Cross Tie Ranch Legal Notice |
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Last Modified:
06/08/2008 |