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03-29-2024, 07:39 PM
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Sage
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Join Date: Feb 2015
Location: Wherever I happen to be.
Posts: 7,770
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Quote:
Originally Posted by nn0wheremann
One would think that most of the STRs are investment properties, financed by mortgages. I would be surprised if in Florida a government lien does not have first priority for collection, so legal cost of enforcement could be supported by liens placed against the offending properties, which would invalidate the first mortgage liens, and make those mortgages immediately collectible. Quite an incentive to get out of the STR business if the District governments would actually start enforcing the deed restrictions.
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Sounds to good to be true. But if it is, bring it on!
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