Palm Aire owners will pay up for delinquent fees for other owners |
Article Courtesy of The Pelican By Judy Wilson Published April 3, 2009
A
financial downside of condominium living arrives in the mailboxes of Palm
Aire's largest homeowners' association this month. It's an assessment for
a share of the $425,000 in delinquent maintenance fees owed by the
residents. The share will vary, computed on the number of delinquent units
in a building In
one building, a 3/2 unit owner is paying just $135. In another with more
delinquencies, the assessment runs $714 for a 3/2 unit. Payment can
be made in thirds: in May, August and November. The
hardest thing Monday, at a meeting of Palm Aire Country Club Homeowners
Association I, was educating residents as to their obligation.
"Biggest problem is Association
I is the largest of Palm-Aire's 24 homeowners associations. There are 961
'doors' there in 18 condominium buildings. Each building is financially
Vice
Mayor George Brummer terms the situation - a product of foreclosures and loss
of jobs - "a common disease now." He, too, believes people
don't "realize they are responsible collectively." At
Monday's meeting some new residents complained that they bought in unaware
of a pending financial obligation. Claudia Keller is a new board member of
Association I and said the news of an assessment seem to come as a shock.
"I believe unit owners buy unaware of their responsibilities. This is
a population that is completely surprised. " It
takes up to two years for a bank to foreclose and during that time
maintenance fees may be paid late nor not at all. Brummer said there is a
pending law that would make the banks responsible for maintenance before
the foreclosure is completed and that might help association finances. Resident
Ruby Glickman thinks the state should step in to alleviate the problem
since "government has gone out of its way to give money to
industry." Glickman and his wife are 18- year residents of Palm-Aire
from Glickman
says people buy units and then leave them .with a renter or a family "Now
that we see what is happening, we talk about leaving If
Glickman looks to The actual number of foreclosed units in Palm-Aire is something no one wants to discuss but around the Council table it is no longer news. Coulahan is attempting to find solutions and recently discovered that homeowners associations can initiate foreclosures without waiting for bank action, a move that might spur the banks to act faster or the unit owner to find the necessary money. Each association, however, has its own DNA, he said. Each is different from the others and each has to deal on its own terms. FALSE PROPAGANDA CAUSED "WIN BY A LANDSLIDE" ANOTHER ELECTED OFFICIAL WITH A PRIVATE AGENDA: GEORGE BRUMMER, VICE MAYOR OF POMPANO BEACH WHY BURDEN CITIZENS FOR OTHER FOLKS' ENJOYMENT? Pompano
sets vote on Palm Aire special recreation tax district |