abcactionnews.com: Dozens of renters of HOA foreclosure properties evicted amid dispute over title ownership
Properties bring in huge profits with low costs
By Adam Walser
July 28, 2017
TAMPA – In Florida, homeowners’ associations can foreclose on homes when owners don’t pay their dues…sometimes for as little as a few thousand dollars.
Investors who buy the liens get temporary titles and can rent those houses until banks foreclose.
But as the I-Team discovered, leasing these properties can pose plenty of potential problems for renters.
“It was a little over 1300 square feet. There’s a half bath on the bottom floor and two full baths on the main,” said Chelcie Miller, describing her former Carrollwood Rental townhome. Read more: