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Sunday, December 30, 2012

Payback! Hundreds of Homeowners Associations Threaten Banks With Foreclosure by Laura Gottesdiener

Florida is one of the states hardest hit by foreclosures, and there are nearly a half-million foreclosed houses now standing vacant and often slowly deteriorating. When a bank forecloses on a house, evicts the family and then repossesses the property, it also assumes responsibility for maintaining the home and yard and paying homeowner or condo association fees. Yet, some of the nation’s largest and richest banks have been unable or unwilling to upkeep their properties – prompting neighbors across Florida to declare enough is enough.

Happening everywhere in Florida.

Posted via email from iPT Perpetual Traveler

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