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Entries Tagged ‘crisis’

FL: Seeking solutions to condo foreclosure crisis

How would you answer the million-dollar condo question: What can be done to keep community associations financially afloat in face of widespread foreclosure and owner delinquencies? Originally from Community Associations Network National

FL: Struggling amid foreclosure crisis

Condo association’s ability to pull back from the brink of financial ruin offers something of a lesson in survival Originally from Community Associations Network National

FL: Squatters take over homes in what police call latest fraud in housing crisis

Imagine going to a house or condo you own and finding a stranger living there who claims the property no longer belongs to you. Originally from Community Associations Network National

Crisis Slams Condo Associations

A tough economy is leading owners of condominiums to increasingly walk away from condos, leaving ownership maintenance costs to those left behind. Originally from Community Associations Network National

FL: Money File-Surviving the Condo Crisis

Condominiums are a popular lifestyle choice for many baby boomers, especially those who don`t enjoy time-consuming chores like landscaping. But condo life isn`t always easy. Owners could face unexpected financial pitfalls. In tonight`s “Money File,” Benno Schmidt has the story of an embattled condo owner, on a mission to save her community and her investment. [...]

FL: Foreclosure crisis forces Florida condos and HOAs to dump property managers

The economic downturn and flood of foreclosures have taken a toll on Florida community associations, which have turned to self-management or negotiated to pay property managers less to deal with the bills, a new survey reveals Originally from Community Associations Network National

NV: Foreclosure Crisis Hitting Condo Renters

The foreclosure crisis is now affecting condo renters. In North Las Vegas, tenants at big condominium complex are getting foreclosure notices directly from the developer’s lender Originally from Community Associations Network National

Lawyers Face High Learning Curve During Real Estate Crisis

In Massachusetts, for instance, foreclosures on condominiums outnumber those on single-family houses, which triggers problems for owners of nearby units and condo associations Originally from Community Associations Network National

FL: Condo crisis: Fewer owners paying association fees

Condominiums in Central Florida are cutting back on things like tennis-court lights and are seeking help from the courts as condo owners abandon their fast-depreciating units and refuse to pay required maintenance fees. Originally from Community Associations Network National

FL: Seeking solutions to condo foreclosure crisis

How would you answer the million-dollar condo question: What can be done to keep community associations financially afloat in face of widespread foreclosure and owner delinquencies? Originally from Community Associations Network National

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