What is a public offering statement of a community association?

What is a public offering statement of a community association?

The public offering statement is simply a disclosure statement that provides information on the community association to the first prospective buyers in a new development.

What must a public offering statement disclose?

(2) With regard to timeshare interests offered in a single-site timeshare plan or in the specific interest of a multi-site timeshare plan, the public offering statement should fully and accurately disclose the following: (a) The name of the developer and the principal address of the developer; (b) Information regarding …

Does FL law protect residents of the state who buy time shares in an out of state timeshare property?

Florida Statutes 721.03 (c) (3): If you live in the state of Florida and purchase a timeshare in another state or country, you may not be protected under Florida State Law. Timeshare owners may require an attorney familiar with timeshare law to submit a letter to the division for approval of the out-of-state filing.

Who regulates timeshares in Florida?

Additionally, you may contact the Department of Business and Professional Regulation, Division of Florida Land Sales, Condominiums and Mobile Homes, Bureau of Timeshares online at www.myfloridalicense.com/dbpr/lsc/timeshare.html or by phone at (850) 488-1122.

What is public share offering?

A public offering is the sale of equity shares or other financial instruments such as bonds to the public in order to raise capital. The SEC must approve all registrations for public offerings of corporate securities in the United States. An investment underwriter usually manages or facilitates public offerings.

What do you mean by public issue through prospectus?

Public Issue or Initial Public Offer (IPO): Under this method, the company issues a prospectus to the public inviting offers for subscription. The investors who are interested in the securities apply for the securities they are willing to buy. Advertisements are also issued in the leading newspapers.

What is a public offering statement?

A Public Offering Statement is a document prepared by the attorneys representing the builder of a newly constructed condominium building. In most cases, buyers looking to purchase a new construction condo can get the Public Offering Statement from their agent before making an offer. View a sample POS.

What happens if I stop paying my timeshare mortgage in Florida?

If you stop paying on your timeshare loan, you face foreclosure. Foreclosure is the process whereby the lender files to take possession of the property and sell it at auction to recover the money you owe. In a judicial foreclosure, the lender files a foreclosure lawsuit and takes you to court.

Is a public offering good or bad?

Too many investors think a secondary stock offering from a growth stock is a bad thing. In some cases, they are. These stocks, which are usually bad investments, usually trend down (or at best sideways) before, and after, the offering because management is destroying value.

What happens when a company does a public offering?

The money raised by a public offering is not earnings. Dilution occurs when new shares are offered to the public, because earnings must be divvied up among a larger number of shares. Dilution therefore lowers a stock’s EPS ratio and reduces each share’s intrinsic value.