FLORIDA – Fort Lauderdale Beach condo residents hit with $60,000 assessment

Apr 27

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CCFJ.NET:  Fort Lauderdale Beach condo residents hit with $60,000 assessment
Article and Video Courtesy of Channel 10 News Miami

By Bob Norman

Published April 24, 2015

Thousands of people live in condos across South Florida, but many don’t know the potential financial pitfalls. Investigator Bob Norman says a special assessment levied by the board for what they claim are much needed repairs could drive them right out of their homes.

   

Residents at the Embassy Tower 2 building on Fort Lauderdale Beach were outraged after finding out that they had to quickly come up with thousands of dollars. 

The reason why they are so upset? 

They recently learned that they have only a few months to pay a special assessment of about $60,000 — or possibly lose their homes. First there will be a lien — and then foreclosure. 

It’s a very real possibility! The bills are piling up.

The whopping assessment is for new concrete, windows, sliders and railings. Read more:

Posted on April 27, 2015, in Uncategorized. Bookmark the permalink. Comments Off on FLORIDA – Fort Lauderdale Beach condo residents hit with $60,000 assessment.

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