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Watch New Law Lets Florida Condos Borrow for Reserves...and It's a Disaster in the Making from Condo Craze and HOAs. Florida condo and HOA law, board governance, owner rights, reserves, insurance, and community association guidance.
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New Law Lets Florida Condos Borrow for Reserves...and It's a Disaster in the Making
Watch New Law Lets Florida Condos Borrow for Reserves...and It's a Disaster in the Making from Condo Craze and HOAs. Florida condo and HOA law, board governance, owner rights, reserves, insurance, and community association guidance.
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The full rundown.
A year ago, Florida ended decades of waived condo reserves, requiring owners to save for critical repairs. But now a new law lets associations borrow yearly to fund reserves, creating a cycle of debt that could force owners into foreclosure. Eric and Karen break down the consequences, share what shocked the banks, and call for action. Join the conversation live Sunday at 11AM on YouTube.
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S3E23