Florida condo owners being forced out make plea to governor

[steve2470]

http://www.cnbc.com/id/101951641

Florida condominium owners in danger of losing their homes are making a final desperate plea, hoping that Gov. Rick Scott will intervene.

These owners are not in foreclosure, nor are they behind on their mortgages. Instead they are being threatened by a group of developers, Madison Oaks Partners, who are using a Florida state law originally designed to protect homeowners from natural disaster, to terminate the condominium agreement and force them to sell their units.

The developers seek to convert the Tampa area complex into more lucrative rental apartments. They could take over the complex at a board meeting Sept. 5.

"The governor needs to step in and halt these forced terminations immediately. We don't have much time," said Stephanie Krasowski, one of the remaining owners at the Madison Oaks complex. Krasowski, who like others, bought her unit at the peak of the last housing boom, has led the fight against the developers, starting a group that now represents more than 1,000 Florida condominium owners.


It may be perfectly legal under Florida law, but I find this pretty horrible. YMMV. Governor Voldemort will probably not give a rats's ass.

[TheBlackAdder]

1. Perhaps a $1M donation to Scott's campaign will help. Other than that.. Good Luck! nt

[steve2470]

3. Thanks !

This law in Florida, theoretically, puts all condo owners at risk. If a rich developer decides it wants your property, watch out. The OLD law, which required 100% consent, was fair, IMHO.

[Taitertots]

2. Rick Scott literally looks (and acts) like a complete maniac. He will side with big business. n/t

[tkmorris]

4. Scott will alow the developer to do as it wishes

Provided the proper vigorish is paid of course. I don't know what form it will take but Scott will demand something of them, and if they refuse he could intervene on the condo owners behalf just to remind the developers whose state this is. He's kind of a dick like that.

[steve2470]

5. As long as he intervenes, I'm good

I'd rather he do it for the right reasons, of course. This law needs to be changed. I just don't agree with it.

[lpbk2713]

6. They want Snott to take their side against developers?

Someone ought to break the news to them about Santa and the Easter Bunny.

[steve2470]

7. yep he probably won't, sadly nt

[steve2470]

8. kick for visibility nt

[steve2470]

9. very last bump nt

[Harmony Blue]

10. Unfortunately they have little recourse

very sad circumstances.