Osprey Cove, a condominium in Estero, was dealing with a wave of foreclosures that cut off maintenance fees from many of its units. The community’s property manager, Hayden & Associates, had to deal with “huge delinquencies” and traditional ways of dealing with them weren’t promising, Ken Hayden said. “You throw them in the collections meat …
Monthly Archives: October 2011
Grandmother nearly loses condo to foreclosure after $4.70 fee balloons to nearly $3,000 | FLORIDA TODAY | floridatoday.com
For Geeta Ramcharitar, the ordeal began with a past due balance of $4.70 owed to her condominium association in Melbourne’s Venetian Village — and ballooned from there. The threatened end: foreclosure on her two-bedroom condo. The 56-year-old grandmother got lucky. County Court Judge William McLuan tossed out the foreclosure case brought by her condo association, …
Florida flood insurance: FEMA’s redrawn maps mean many in Metro Orlando need costly flood insurance
The first disaster for Ron Benitez was losing his DeBary home to the massive flooding caused by Tropical Storm Fay in 2008. Now, the retiree is facing a financial calamity: paying far more for flood insurance because of newly revised federal maps that have made his rebuilt home part of a high-risk flood zone. Benitez, …