Bill Would Protect Condo Owners Against Bulk-Buying Abuse (FL)
Lawmakers were primed to finally address one of the more highly publicized consumer crises facing Floridians during the Great Recession. For years, condominium owners and consumer advocates have loudly criticized a law that allows bulk buyers with a large stake in a condo to terminate the condo and, in certain relatively common scenarios, force the building’s other owners to sell their units for less than what they paid. Read the article……..
Channel 9 learned Orange County leaders are prepared to spend millions of tax dollars to tear down a crime-ridden condo
Call it the law of unintended consequences. South Florida condo developers thought they had struck gold when they realized they
HB 2644 (Rep. Cassidy), would have amended former Section 18.8 “Common Elements; rights of board” of the Illinois Condominium Property