Foreclosures & Financial Hardships Begin: Florida’s New Condo Laws Bring Unintended Consequences

As new Florida laws aimed at preventing another Surfside condo collapse take effect, hundreds of residents face foreclosure due to skyrocketing association fees and special assessments. From the elderly to young couples, many are being forced out of their homes.

Fla. News Network — In the wake of the tragic collapse of the Champlain Towers South in Surfside, Florida, which claimed 98 lives in June 2021, the state has enacted stringent new laws to ensure the safety and structural integrity of older condominium buildings. While well-intentioned, these laws have led to a wave of unintended consequences, including hundreds of new foreclosures as condo associations sue their residents who cannot afford to pay the hefty special assessments and increased association fees.

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