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.

[littlemissmartypants]

1. Really? nt

[steve2470]

3. yea this is pretty crazy

It could theoretically happen to me, so yes, it caught my eye.

[littlemissmartypants]

4. It could happen to anyone. Believing Scott would help is stupidity in motion.

http://mobile.nytimes.com/2014/08/29/us/evictions-soar-in-hot-market-renters-suffer.html

[steve2470]

5. yes, I'll be shocked if he helps them nt

[Heather MC]

2. That's insane

But They should know Rick Scott is only going to help the one who has the most money. I bet he has a cousin in construction, that would like thay building contract