We are purchasing property in Florida from an LLC that has part ownership from two groups.
The majority owner of the LLC has no legal issues, the LLC has another owner, this owner has plead guilty to a wire fraud case with the government. During this litigation the owner with legal issues assets have been frozen. The federal court has agreed to release the property under contract but has to confirm amount and contract has to be submitted to Federal Attorney in New York.
The attorney will then try to consider fair market value of the property and decide if ok to sell, etc...
Skills & Expertise RequiredCorporate Law
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