Condos are cheap, but some hike fees to cover for owners who refuse to pay -- OrlandoSentinel.com: "Desperate condo associations are starting to seek court-appointed receivers — a trend that started in South Florida but has spread to this part of the state. It's a sign of how dire the situation is, said Donna Berger, executive director of the Community Advocacy Network, a nonprofit group representing more than 1,500 condo and homeowner associations. 'The current economic downturn and foreclosure crisis have placed many associations on the brink of disaster,' she said."
A grim situation, indeed. And as the story explains, many associations are going into receivership.