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Real Estate & Property Law

: The Home Equity Theft Reporter

Condo Living Begins To Get Ugly In Some Complexes Where Non-Delinquent Unit Owners Are Left On The Financial Hook By Their Deadbeat Neighbors

By r morris

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In Miami, Florida, The Miami Herald reports:Well into the second year of South Florida's foreclosure crisis, deadbeat condo owners are taking a heavy toll on associations [...]. Owners in or facing foreclosure often stop paying their condo fees that are needed to pay for essential utilities and services. That leaves other residents on the hook to pay the difference. Some can't cover the shortfall

Full post as published by The Home Equity Theft Reporter on June 22, 2009 (boomark / email).

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