Fixing Another Florida Foreclosure Scam
July 3, 2011 2 Comments
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.