Are unpaid dues protected in bankruptcy? Q. Is the debt of an uncollected homeowners association annual dues assessment considered a “secured debt” when filing a Proof of Claim if the owner files for bankruptcy, since it involves real estate (vacant land or land with a home)? Or is it just an unsecured debt? Creditors of …
Category Archives: Regional
Rampant foreclosures leave condo owners stuck with fees
Rampant foreclosures leave condo owners stuck with fees To most people, Brittany’s Place in Largo looked no different than the hundreds of other blandly attractive apartment complexes built in Florida in the 1970s and ’80s. To four Miami men, it looked like gold. As the condominium boom neared a frenzied peak in 2005, they hit …
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Drywall maker settling with builder [Central Florida]
Drywall maker settling with builder [Central Florida] Chinese drywall maker Knauf Plasterboard Tianjin Co. Ltd. has reached an agreement to settle with Atlanta-based national home builder Beazer Homes, according to three people familiar with the matter. “Nothing has been finalized, but we’re hoping we’ll have something to comment on in the next couple days,” Buster …
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Fueled by overseas buyers, South Florida condo sales soar
Fueled by overseas buyers, South Florida condo sales soar Nicola Schon, an Italian restaurateur with homes in Monte Carlo, Milan and New York, wanted the perfect pied-รก-terre in Miami, with plenty of space, water views and amenities such as a spa, concierge and room service. So he bought a $1.8 million condo at Epic in …
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Boynton Beach condo closes two sales, vows to hang in
Boynton Beach condo closes two sales, vows to hang in This past weekend, officials with the Promenade condominium had reason to celebrate. Nine months after the Boynton Beach condo was completed, they finally closed two condo sales. “Kids were swimming in the pool this weekend,” said Promenade official Pryse Elam. It’s been a long time …
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Investors buying lots in North Port again [South Florida]
Investors buying lots in North Port again [South Florida] Building lots are beginning to sell again, and some are being bought and resold for quick profits by investors from foreign lands. Take Land Investors Corp., for example. This Swiss company, based in Geneva, has purchased 39 lots in North Port for an average of $3,400 …
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