Tensions in Condo Complexes Over Foreclosures, Neglect

Reporter Dan Fitzpatrick goes to Florida, where slow foreclosures are making cranky neighbors who are footing the bill for the upkeep.
January 1, 2011, 9am PST | Tim Halbur
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Fitzpatrick visits one community called International Village:

"In a particularly stark example of housing tensions found in many places to varying degrees, the International Village homeowners association responded to the banks' slowdown in foreclosures with an aggressive step: It began its own foreclosure process. Florida law permits that under certain circumstances. A nonprofit homeowners association can take temporary title of residential units from people who aren't paying monthly fees they agreed to pay."

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Published on Friday, December 31, 2010 in The Wall St. Journal
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