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Florida Condo Owners Continue to Get Screwed


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2014 Aug 6, 3:07pm   680 views  0 comments

by elliemae   ➕follow (3)   💰tip   ignore  

http://realestate.msn.com/blogs/post--florida-condo-owners-forced-to-sell-1

The drama of Florida's boom-then-bust real estate market is now playing out in the courts as condominium owners and developers square off over forced sales under a law initially intended to allow for hurricane-damaged condo complexes to be rebuilt quickly.   The battle has percolated since the market collapsed in 2007-'08 — which left both developers and condo owners facing steep losses — and now various developers want to reverse past efforts to convert rental-apartment complexes into for-sale condos.

#housing

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