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Florida HOAs Pick Up Pace On Lien Foreclosures; Reach Workouts With Unit Owners Seeking Payment Plans While Booting The Deadbeats

By r morris

In Broward County, Florida, The Miami Herald reports:It?s not only lenders who are clogging the courts with foreclosures. Leaders at condo and homeowners associations say they have been forced to foreclose; many have then rented out the property. They need cash to pay for maintaining common areas and providing services.For years, many community associations rarely foreclosed. But that changed

Full post as published by The Home Equity Theft Reporter on February 12, 2011 (boomark / email).