Tensions in Condo Complexes Over Foreclosures, Neglect

Reporter Dan Fitzpatrick goes to Florida, where slow foreclosures are making cranky neighbors who are footing the bill for the upkeep.

1 minute read

January 1, 2011, 9:00 AM PST

By Tim Halbur

Fitzpatrick visits one community called International Village:

"In a particularly stark example of housing tensions found in many places to varying degrees, the International Village homeowners association responded to the banks' slowdown in foreclosures with an aggressive step: It began its own foreclosure process. Florida law permits that under certain circumstances. A nonprofit homeowners association can take temporary title of residential units from people who aren't paying monthly fees they agreed to pay."

FULL STORY: Housing Pain Pits Neighbor Against Neighbor in Florida

Friday, December 31, 2010 in The Wall St. Journal

Community / Economic Development Florida HOA Foreclosures

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