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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFlorida condo owners being forced out make plea to governor
http://www.cnbc.com/id/101951641Florida condominium owners in danger of losing their homes are making a final desperate plea, hoping that Gov. Rick Scott will intervene.
These owners are not in foreclosure, nor are they behind on their mortgages. Instead they are being threatened by a group of developers, Madison Oaks Partners, who are using a Florida state law originally designed to protect homeowners from natural disaster, to terminate the condominium agreement and force them to sell their units.
The developers seek to convert the Tampa area complex into more lucrative rental apartments. They could take over the complex at a board meeting Sept. 5.
"The governor needs to step in and halt these forced terminations immediately. We don't have much time," said Stephanie Krasowski, one of the remaining owners at the Madison Oaks complex. Krasowski, who like others, bought her unit at the peak of the last housing boom, has led the fight against the developers, starting a group that now represents more than 1,000 Florida condominium owners.
It may be perfectly legal under Florida law, but I find this pretty horrible. YMMV. Governor Voldemort will probably not give a rats's ass.
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Florida condo owners being forced out make plea to governor (Original Post)
steve2470
Aug 2014
OP
Perhaps a $1M donation to Scott's campaign will help. Other than that.. Good Luck! nt
TheBlackAdder
Aug 2014
#1
TheBlackAdder
(28,211 posts)1. Perhaps a $1M donation to Scott's campaign will help. Other than that.. Good Luck! nt
steve2470
(37,457 posts)3. Thanks !
This law in Florida, theoretically, puts all condo owners at risk. If a rich developer decides it wants your property, watch out. The OLD law, which required 100% consent, was fair, IMHO.
Taitertots
(7,745 posts)2. Rick Scott literally looks (and acts) like a complete maniac. He will side with big business. n/t
tkmorris
(11,138 posts)4. Scott will alow the developer to do as it wishes
Provided the proper vigorish is paid of course. I don't know what form it will take but Scott will demand something of them, and if they refuse he could intervene on the condo owners behalf just to remind the developers whose state this is. He's kind of a dick like that.
steve2470
(37,457 posts)5. As long as he intervenes, I'm good
I'd rather he do it for the right reasons, of course. This law needs to be changed. I just don't agree with it.
lpbk2713
(42,766 posts)6. They want Snott to take their side against developers?
Someone ought to break the news to them about Santa and the Easter Bunny.
steve2470
(37,457 posts)7. yep he probably won't, sadly nt
steve2470
(37,457 posts)8. kick for visibility nt
steve2470
(37,457 posts)9. very last bump nt
Harmony Blue
(3,978 posts)10. Unfortunately they have little recourse
very sad circumstances.