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Continuing Nightmare For Residents In Condos Flooded With Foreclosures; Some HOAs Drain Cash Reserves To Avoiding Boosting Maintenance Fees

By r morris

In Palm Beach County, Florida, The Palm Beach Post reports:Nearly 70 percent of the owners at the Kensington of Royal Palm Beach condominiums are delinquent on their association fees. At the Paradise Cove at Palm Beach Lakes, 48 percent of owners owe back dues. And at Cypress Estates of Palm Springs, 56 percent of units are in arrears. The three communities share the same story. Investors bought

Full post as published by The Home Equity Theft Reporter on January 22, 2010 (boomark / email).