Today, Bernhard Law Firm obtained a court order excusing a real estate investor from its purchase and investment in a luxury Brickell condominium, due to underlying irregularities in the sale process. (Florida Bar disclaimer: results may not be typical. You may not have as beneficial a result). Bernhard Law Firm‘s client had initially invested in the Mark Yacht Club on Brickell Bay, a high-end Miami condominium on the ocean. However, the client soon encountered issues with the property’s holdover occupant, an intervening third-party borrower on the collateral, objections to the sale, and a previous and redundant purchase of the property by an unrelated LLC.Given the complicating history and title to the property, Bernhard Law Firm sought the vacate its client’s purchase of the condominium and obtain reimbursement of all purchase funds. Today, in Mark Yacht Club on Brickell Bay, Inc. v. Rodriguez., the Court granted Bernhard Law Firm‘s request, vacated the sale, and reimbursed the client with the full purchase price.
If you have questions about breach of contract, vacating sales, or real estate investment disputes, please contact Bernhard Law Firm at www.bernhardlawfirm.com, 786-871-3349, firstname.lastname@example.org.