Friday, May 16, 2008

You’d have been better off renting love.

Collateral Foreclosure Damage for Condo Owners

Barbara Sanz has never missed a mortgage payment, but the plunge in real estate is punishing condominium owners like her anyway. Four years ago, she bought her first condo in a glassy new Miami tower when the building was filling up. Now nearly one in six residents in the 43-story building is battling foreclosure and their contributions to the building association are shrinking. Each of the remaining owners has had to chip in an extra $1,000 assessment and $50 more a month for cable and Internet. That is on top of Ms. Sanz’s $450 monthly maintenance fee.

Posted by lvmreader @ 05:26 PM (583 views)
Please complete the required fields.

3 thoughts on “You’d have been better off renting love.

  • Hmmmm, those shiny new apartment blocks in Liverpool, Manchester, Leeds, Sheffield, ….. Who will be left paying the maintenance fees when the BTL landlords go bankrupt? Until recently I lived in one such building; out of the thirty apartments only four were owner-occupied!

    Please complete the required fields.

  • How many were occupied at all?

    Please complete the required fields.

  • would it help to take some pressure off this evolving website if admin created at system whereby posters could communicate one 2 one but still annon?

    just a thought.

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>