Condo Owners Face Financial Losses Under Receiver’s Watch

Like many other Miami-Dade condominiums, its owners’ association faced grave financial problems in the wake of the crisis. Its funds were shrinking as some owners defaulted on their mortgages and stopped paying the monthly maintenance fees.  And the board of directors had accepted a suggestion by the company hired to collect the fees owed, APG Partners LLC, to ask a judge in a Miami-Dade civil court to appoint a receiver who would help to fix the financial problems   Read the article…………..