In this episode of Condo Craze and HOAs, Eric and Karen dive into a shocking story from The Miami Herald: a Brickell condo faces a massive $20 million special assessment, leaving owners scrambling and threatening to recall the board. But is recalling the board enough to stop the financial burden?
We break down the ripple effects of rising delinquencies, foreclosures, and the tough decisions associations must make to stay afloat. Plus, Eric explains the mandatory legal steps Florida associations must follow to collect unpaid assessments – from notices to liens to foreclosure.
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#CondoCrazeAndHOAs #SpecialAssessment #Florida #CondoLaw
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