Palmetto subdivision homeowners surprised by blanket lien [South Florida]
Real estate push has come to foreclosure shove in Palmetto.
Roughly 200 individual property owners are finding themselves in the first step of a foreclosure because of a legal tussle between well-known Palmetto builder deMorgan Communities and the company that did roads, utilities, sewers and drainage for the development.
The measure, which started as a lien, blankets the entire Oak View subdivision, and word of mouth is carrying the bizarre legal news from one property owner to the next.
Though some homeowners might not even know about it, the legal proceedings have already had a huge effect, ramping up Manatee County’s apparent foreclosure rate to the fifth-highest in Florida.