fort myers: Follow up: What happens when your Condo Association or HOA goes Bankrupt.
- 12/17/08 01:31 AM
Sadly I fear that I was right. The stories are just beginning. Many Condo Associations are teetering on Bankrupcy and the same is for many HOA's. The following article was published in the local news Paper. Foreclosures burden owners at Coral Lakes Home and condo owners at the Cape Coral gated community Coral Lakes may have to pay $650 by year's end to offset expenses the association owes because of the number of foreclosed homes.A meeting to decide if homeowners would have to pay the assessment ended without a decision Tuesday when the head of the association's board declared the meeting … (3 comments)
fort myers: Follow up: What happens when your Condo Association or HOA goes Bankrupt.
- 12/17/08 01:06 AM
Sadly I fear that I was right. The stories are just beginning. Many Condo Associations are teetering on Bankrupcy and the same is for many HOA's. The following article was published in the local news Paper. Foreclosures burden owners at Coral Lakes Home and condo owners at the Cape Coral gated community Coral Lakes may have to pay $650 by year's end to offset expenses the association owes because of the number of foreclosed homes.A meeting to decide if homeowners would have to pay the assessment ended without a decision Tuesday when the head of the association's board declared the meeting … (3 comments)
fort myers: Fort Myers, Florida August 2008 Real Estate Market Report
- 09/21/08 11:20 PM
August 2008 Real Estate Market has shown continued price declines for Fort Myers, Florida. Although there were a spike in 1st Quarter sales the ongoing sales volume remains low. No attempt was made to verify the data for possible seller concessions or fraud. These Market trends taken from Rapattoni MLS and includes all sales occurring in Fort Myers, FL from 8/1/2004 through 8/31/2008.
This chart show the increase in market activity through 2nd Quarter 2005, followed by increasing values @$/Sq.Ft. of living space. With the collapse of sales volume 3rd Quarter 2005 the sales prices began trending downward. Currently … (1 comments)
Sadly I fear that I was right. The stories are just beginning. Many Condo Associations are teetering on Bankrupcy and the same is for many HOA's. 
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