Guest Blogger
Jan Bergemann
Cyber Citizens for Justice, Inc.
Dear Florida Homeowners and Condo Owners,
Well, it seems that a lot of US voters are masochists. They obviously voted for the same folks again that brought us high gas-prices, inflation, high crime-rates and uncontrolled illegal immigration. And I just hope that they now don't expect a different result?
Let's face it: Election procedures in this country are outright ridiculous. It's 4 days after the election offices closed and we still don't know all the results. Sorry, but I'm not sure if I should laugh or cry about it. Other states should take an example from Florida: It took a little more than an hour before we knew winners and losers.
In all honesty: I am glad that Charlie Crist got his butt kicked big time! I actually once voted for him until I realized that he is just one of these "professional" legislators. He is now the only person I know who can claim the "honor" that he lost his campaign running for office for all three parties: Republican, Independent and now Democrat. Good riddance!
All the folks living in mandatory community associations here in Florida will see huge increases in their monthly maintenance fees. The main reason: RESERVE FUNDS! Quite a few associations will be forced by law to seriously increase the monthly dues, other boards are finally waking up to the fact the amenities cost lots of money once they require repairs and maintenance. Highest cost in HOAs: ROADS! For many years most boards tried to keep the maintenance fees artificially low, ignoring the need for reserve funds. But beware: Florida is the capitol of KICKBACKS! You will as well see many boards voting on "unnecessary" beauty-repairs, carried out by "preferred" contractors. Owners should really be on the lookout to see what's really needed and what is not!
This week we are blogging about the fact that many condo owners will be forced to leave their homes due to the fact that they will not be able to afford the much higher monthly maintenance fees. And developers are already trying to buy up units from owners who are willing to sell rather than face foreclosure.
Well, I wish a developer wanted to buy my unit.
ReplyDelete60 Minutes is going to cover this tomorrow night.
Michael Glaser will be explaining and hopefully answering all of our questions.
If you can't sell your unit, then you really have a problem. It's still a Seller's market.
ReplyDeleteSorry, I made a mistake. It's Eric Glazer.
ReplyDeleteActually, there are worse things than foreclosure. They take a long time, and the condo can only keep the amount of money owed to them.
Basically, you need advice. Advice from a competent attorney. Most things can be negotiated. It's better not to jump off a cliff right away.