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Real Estate & Property Law

: The Home Equity Theft Reporter

Financially Struggling HOA Allowed Property Insurance To Lapse, Leaving Condo Owners In Recently-Burned Out 30-Unit Building Out Of Luck

By r morris

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In Lauderhill, Florida, the South Florida Sun Sentinel reports:Days before their condo building burned, residents of Park South Six gathered to hear their association president say their building couldn't afford flood insurance. Some homeowners paid overdue assessments, and the president said flood insurance would be purchased. "I was rest-assured," said board member Jennie Valdes.No one thought

Full post as published by The Home Equity Theft Reporter on July 03, 2010 (boomark / email).

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