Can you lose your home over $100 in late fees?
Most Southwest Florida residents are by now quite familiar with how lenders can take back a property through foreclosure. But under Florida law, it is not just banks that can foreclose — homeowners and condominium associations can take a home to pay off past-due assessments and other fees.
It is rare, but it happens, and when an association decides to play hardball, there is no minimum amount required in order to foreclose.
Joyce Evans, 66, owns a condo in Village Plaza, a senior community near Bee Ridge and Beneva roads. Evans was going to lose her home over what originally amounted to an outstanding balance of just $112.50.