Does association need to levy a special assessment for Irma damage?

There has been some very heavy Hurricane Irma cleanup and repair costs for many Southwest Florida condominiums and neighborhoods. Of course none of these unexpected costs were in the association’s budget for this year. So, how are associations going to pay the Irma damage and repair bills coming due?There are basically three ways to pay these bills: Borrow […]

Fla. Jury Awards $44M To Investors In Failed Condo Project

A Florida jury on Thursday awarded $43.9 million to an investment group that includes billionaire Wayne Huizenga and former Miami Dolphins quarterback Dan Marino for a condominium project that failed financially after a Wachovia employee sent out confidential contact information to more than 100 condominium buyers. The jurors in Fort Lauderdale hit Wachovia Mortgage Corp. […]