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Condo reserve rules and rising insurance costs could lead to foreclosure crisis. 'People are going to be losing their homes'

The one-two punch of the post-Surfside law designed to require condominium associations to set aside sufficient reserves for structural repairs combined with Florida’s unending increases in insurance costs is threatening to produce a wave of foreclosures. “People are going to be losing their homes. Foreclosures are increasing,” warned Broward County Commissioner Mark Bogen. “As it looks right . ....

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Condominium reserve rules plus rising insurance premiums could lead to foreclosure crisis. 'People are going to be losing their homes'

Condominium reserve rules plus rising insurance premiums could lead to foreclosure crisis. 'People are going to be losing their homes'
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