Condo boards want banks' 'free ride' to end | MiamiHerald.com: "The suggestions reflect a growing sense of despair among condo owners who find themselves going up against lenders who are benefiting from a $700 billion bailout. Robaina said he was initiating discussions with South Florida's Congressional delegation about whether any of the rescue funds could be directed to the battered condo communities, many of which were at the center of speculative buying during the boom."
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As I expected, now the idea is being floated that condos should get bailed out too. This article details the complaints condo owners have about banks, especially when they don't foreclose in order to avoid having to pay the delinquent owner's condo fees. Thanks to Fred Pilot for the link.
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