Bulk buyer law spurs Wall Street interest

From The Real Deal

Almost three months after Gov. Charlie Crist signed the Distressed Condominium Relief Act, the South Florida real estate market could see a huge rush of large-scale deals, among whose provisions removed frequently problematic "successive developer liability" for would-be bulk buyers.

The law was signed June 1 and took effect July 1. It notably gave condo associations the right to demand delinquent renters pay rent directly to the association, a provision that has been very successful so far.