Wednesday, May 20, 2009

Condo associations dying as fees dry up

St.Peterburg Times reports:
Homeowner associations, the de facto local government in much of Florida, are getting desperate.

Assessment payments are as low as 50 percent in some communities, causing some board members to consider measures that might include publicly shaming those who are delinquent.

"When I tell you it is an unadulterated nightmare out there, I mean it," said Harry Burnard, who owns Qualified Property Management in New Port Richey, plus a side business that fronts the dues and collects the debts.

The problem exists nationwide, most notably in communities built during the boom years.
The struggles of communal living.