Foreclosures spark HOA fee hikes
The wave of foreclosures in Florida continues to batter condo and homeowner associations, which have been forced to cut expenses and raise fees.
That’s according to a survey of 1,589 property owners released Monday by Hollywood law firm Becker & Poliakoff.
Becker & Poliakoff attorney Ken Direktor points to the “human cost” borne by unit owners who are still trying to pay their bills – and struggling because their fees are rising.
“The irony of it is that the people who are getting hurt aren’t the ones who were in it to make a quick buck,” Direktor said.