Fixing Another Florida Foreclosure Scam

Florida law allows homeowners associations to foreclose on properties when dues are in arrears. But the associations are not required to alert the mortgage-holding banks of their intentions.

[leading to]…situations where investors obtained title to a $1.2 million bayfront home in Apollo Beach for $10,010 and a 3,700-square-foot North Tampa home for $8,090.

A smart read for people in the foreclosure business and you civilians too, I’m sure.

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2 Responses to Fixing Another Florida Foreclosure Scam

  1. Pingback: Wayback Wednesday… A Foreclosure Mitigation Too Good to be True… | Garage with a Detached Home | Gwinnett County GA

  2. Pingback: Florida home owners associations can foreclose on properties for back dues | The Road Not Taken

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