Foreclosure Solutions is truly a unique and entirely new concept for Associations to rely upon in their time of financial need. 
Foreclosure Solutions is truly a unique and entirely new concept for Associations to rely upon in their time of financial need. 
Prior to Florida's economic downturn, the housing market had been flooded with condominium units for sale from an explosion in the development of condominium complexes throughout the state. Unfortunately the detrimental impact from the current mortgage crisis has left a surplus of these condominiums on the market and has left the Condominium Associations that house these vacant units holding the bill.
Above and beyond unsold units, Florida's condominium and homeowners' associations are facing what experts call a trickle-down disaster from the property crisis; hundreds of condo buildings are facing budget shortfalls as thousands and thousands of owners are becoming delinquent on their mortgages and consequently their condominium assessments. The stress of maintaining the aesthetics and functionality of these condominium and homeowner associations is taking its toll on the Association's officers as well as its homeowners.