Florida homeowners foreclose on deadbeat banks
"Vigilante homeowners in Florida are turning the tables on banks by foreclosing on them over unpaid homeowner fees, which can amount to tens of thousands of dollars. Although banks are typically the ones foreclosing on homeowners who can’t pay their mortgages, those same banks sometimes fail to pay the homeowners fees that come with holding those properties after foreclosure, reported CNN. And when banks fail to pony up, associations have hit back by imposing liens on those properties. If they still fail to pay, associations pursue foreclosures against the banks — a reversal of the process that banks typically pursue against homeowners." Continue reading →