Thread: Amenity fee on foreclosed homes
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Old 10-06-2008, 06:31 PM
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Originally Posted by conn8757 View Post
What happens if someone's home is foreclosed or they just quit paying their amenity fee? Does it get tacked on as a lien on the property? I don't live in TV yet (and may never if the housing market doesn't pick up), but was wondering if that happened a lot, do they raise everyone elses to cover the shortfall?
That question has come up in our condo association in Marco Island and I didn't like the answer that was going around. I was told that in Florida the bank or lender only has to pay 1% of the condo fee!

I don't know how the board is covering the monthly losses or if they can be recovered upon the sale of the unit.

Does anyone know the the Florida law on this matter?
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