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Real Estate & Property Law

: The Home Equity Theft Reporter

310-Unit Condo Conversion Complex Struggles To Stay Afloat; Considers "Blanket Receivership" To Grab Rents Away From Deadbeat Owner/Landlords

By r morris

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In Miami, Florida, The Miami Herald reports:Dealing with an ongoing crisis, the company that manages cash-strapped Mirassou Condominium wants to start a blanket receivership system to collect association fees from deadbeat owners.(1)(2) [...] As budgets continue to worsen in South Florida condo associations, Mirassou's situation underscores the consequences communities are facing when unit owners

Full post as published by The Home Equity Theft Reporter on August 18, 2009 (boomark / email).

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