Help Florida Condo Owners sign now


April 23, 2008

Dear Governor Crist; Lt. Governor Kottkamp;
Senate President Pruitt; House Speaker Rubio;
Representative Robaina; Representative Glorioso:

Unpaid Condo Fees from Foreclosed Units Creating Crisis
for Remaining Unit Owners and Condo Associations; Florida Must Act to Prevent a Potential Domino Effect on Homeowners not in Foreclosure and Wave of Condo Association Bankruptcies

Lost in the swirl of concern over the foreclosure and banking crisis is the looming crisis of unpaid condominium maintenance and assessment fees and the impact on condominium associations and their paying unit owner members.

Condominium associations with severely reduced income cannot meet their budgets and obligations. Florida Statute 718.116(1)(b) frequently results in a large loss for condo associations by the time a first mortgagee completes its foreclosure proceedings.

Tallahassee must act now to protect homeowners and associations and place the burden back on the banks whose risky lending practices created this crisis.

Specifically:

- Section 718.116 (1)(b) (2) must be amended so that all title holders are jointly and severally liable for maintenance and assessment delinquencies and the association lien remains viable against future purchasers.

- Section 718.116 (1)(b) (2) must be amended so that the first mortgagee bears a greater share of the burden of past due maintenance and assessments. This cost to first mortgagees can then be passed on to subsequent purchasers, which will encourage the first mortgagee to expedite the process and encourage quicker resale. Currently the association is unable to intervene and the first mortgagee has no incentive to stop the debt to the association from continuing to grow.

- Section 718.116 (1) (b) must be amended to require first mortgagees who acquire title in foreclosure to keep current with maintenance and assessment obligations which come due subsequent to foreclosure.

Please act now.
Florida condominium owners are struggling and need your help.


Sincerely,


Condominium Owner

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Goal
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Latest Signatures

  • 07 January 2016500. Kathleen T
    If current unit owners have to pick up the payment for those that foreclosed, it will put a lot of us in the same situation. I truly can not afford an increase in my maintenance or another assessment. Current unit owners should not be penalized for the mi
  • 05 January 2016499. Thomas Wj
    I support this petition
  • 01 January 2016498. Michelle N
    I support this petition
  • 28 December 2015497. Fortuna Vargas
    THIS IS AN IMPORTANT ISSUE. PLEASE HELP US
  • 17 December 2015496. Barnet S
    I support this petition
  • 14 December 2015495. Joseph Mw
    I support this petition
  • 13 December 2015494. William P
    I support this petition
  • 12 December 2015493. Kim H
    I support this petition
  • 07 December 2015492. Carmen Em
    I support this petition
  • 02 December 2015491. Nima Z
    I support this petition
  • 01 December 2015490. Kerry S
    I support this petition
  • 24 November 2015489. Peter E
    I live in a condo. Very important issue. Protect condos.
  • 13 November 2015488. Ralph Slonimm
    I support this petition
  • 04 November 2015487. Rosalba F
    Please help us during these troubling times!
  • 02 November 2015486. Luis Fc
    I support this petition
  • 28 October 2015485. Michael P
    I support this petition
  • 25 October 2015484. Malvia E
    I support this petition
  • 22 October 2015483. Catherine Mg
    Help is needed to maintain the financial well being of condominiums.
  • 10 October 2015482. Georges N
    I support this petition
  • 01 October 2015481. Bridget H
    I support this petition
  • 27 September 2015480. Moises G
    I support this petition
  • 25 September 2015479. Adolph R
    Much needed legislation. Thanks for making the effort.
  • 22 September 2015478. Shawn L
    please help the associations...we have 40\% in default
  • 20 September 2015477. Joyce B
    I support this petition
  • 17 September 2015476. Pierre G
    I support this petition
  • 17 September 2015475. Bernard G
    I support this petition
  • 30 August 2015474. Joseph G
    I support this petition

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Information

Corine GuerraBy:
Entertainment and MediaIn:
Petition target:
Florida Governor and Legislators

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