By: Sharon Aron Baron
The Broward Coalition is on the forefront of fighting for the rights of condominium and Homeowner associations to be protected from the abusive banks and lending institutions that are sitting back and purposely stalling foreclosures proceedings on properties they own. They are heartlessly forcing association members to shell out hundreds of thousands of dollars to pick up the financial slack.
The Broward Coalition, which boasts over 225 associations, representing over 100,000 residents in Broward County said their members have had enough.
Charlotte Greenbarg, president said “Lenders must be penalized for purposely stalling on foreclosures, thereby further financially crippling associations, not only in Broward County, but the rest of the country as well.”
“It’s time that all associations join with us and use our People Power”, with a very loud voice” says Mary Macfie, coalition First Vice President.
Coalition leaders are meeting with State Representatives and association attorneys, including Michael S. Bender of Kaye and Bender, and Lisa Magill of Becker and Poliakoff. They have assisted the coalition in creating the petitions which association members will sign, indicating their will for such legislation. These petitions are now being circulated throughout their member communities to create specific bills which would include several provisions to protect homeowner and condominium communities.
Condominium and homeowner associations have no recourse but to try to rent out abandoned units and homes while waiting for the banks to foreclose. Residents and board members are now responsible for all the fees associated with the action, as well as the costs associated with maintaining the properties. These fees do include pool maintenance, lawn care, pest control and so many other common area expenses.
Boards of directors from the associations agree that the lenders must assume and be liable for all debts and fees owed to the associations on their properties.
“If they would just foreclose in a timely manner, there would be no additional expenses to the association and its members.” said Greenbarg.
NEXT BROWARD COALITION MEETING:
Friday February 10, 2012 @ 11am