Community leaders should understand the financial wherewithal of the associations they lead. Unit and Home Owners also have rights to review financial records. It seems like we hear about theft of association funds more and more these days. Simply leaving finances in the hands of a manager, bookkeeper or treasurer is not enough.  For some practical ideas how to stay "in the know", please see the following article published by HOAleader: Five Questions to Ask Your [...]
The U.S.A. and England have moved from “in a relationship†to “it’s complicated†over the one-two punch of BP’s massive oil spill trashing the Gulf of Mexico (now holding the esteemed “greatest American ecological disaster†slot) and our 1-1 tie in the first game of the World Cup.  Facebook status joke? You betta’ believe.  And as if Europe wasn’t interesting enough, bond ratings agency [...]
Plantation Park Condos, Orlando As most of you probably know by now, I'm not a fan of short sales - unless a buyer bails on one that's ready to close. Well here's one such deal at Plantation Park condos. The buyer has been working out this one-bedroom deal with BOA / Freddie Mac for about 8 months, and just as it's ready to close, they're pulling out because they have to move to Chicago at short notice. A shame for them, but easy pickings for someone else, all without the hassle of [...]
The Mosaic Condominium Ater a couple of years renting, Mosaic condos near the Mall of Millenia are now selling again. The 27-building, gated, Mosaic condo complex is one of Orlando's nicer condo conversions (built 2003) and the current owners have elected to go for individual sales over a one-time 'bulk' sale to a new sole buyer. The Mosaic condo community has 451 units in total and about 170 remain. About 30 contracts have been written in the last month since sales began and there seems[...]
SB 1196 Includes New Remedies for Collecting Money Owed to Associations, but Unanswered Questions May Create Liability Exposure. Community leaders and managers have complained for years about investor owner delinquencies. Why should the owner continue to collect rent from his or her tenant without paying maintenance fees and/or assessments?  Sure, both the Condominium and Homeowners Acts allowed the association to apply to the Court to request the appointment of a [...]
Associations have new enforcement mechanisms available - due process requires careful planning & paperwork for associations to take advantage of these new remedies effectively.  Condominium Associations: Up until now condominium associations had to have authority to levy fines in the recorded governing documents and did not have the ability to tell delinquent owners to stay out of the pool or gym. That changes as a result of SB 1196. After July 1, 2010 (the effective date of the[...]
Altamonte Springs, Orlando: The Village town homes have just a dozen developer units left for sale. Half of these are 2/2 townhomes. One-bedroom condos (826 SF)Â start at just $69K (used to be $149K), with 3/2 town-homes (1465 SF) retailing at just $95K (used to be $250K). Pay no commission through Condo Metropolis and get your HOA dues paid for one year and a home warranty! Maybe even some $$ towards your closing costs. Investors looking to take all 12 may qualify for special pricing. [...]
The law isn't even effective yet and everyone wants to know where, when and whether they need the "board certification" required by the changes to §718.112(2)(d), Florida Statutes in SB 1196. All good questions but please let me clarify - condo directors elected after the effective date of the law either need to provide the association with a certificate containing various representations or evidence they have completed an education course. The statute says: (Click here to [...]
Lofts & 1-bedrooms starting at $1070 2's starting at $1638 3's starting at $2185 $500 off if you move in by July 15th! Valid only until 5pm tomorrow! Â For more info on 55 West at the Esplanade condominium see our 55 West page. See also our Downtown Orlando condos page for more info on all of the downtown Orlando condominium opportunities.
We don't normally deal outside of the Orlando metro area but here's an opportunity in Fort Meyers. This is an Exclusive offer for Cash Buyers. This is a beautiful development that is very popular for its close proximity to schools, universities, hospitals, shopping and the beaches. The interstate is just 5 minutes away allowing easy access to Southwest Florida International Airport and many workplaces around. We have secured a selection of spacious and newly refurbished one, two and three [...]