As we continue our series on South Florida’s housing crisis, tonight we focus on condos. Some of the estimated 3.5 million Floridians living in condo units face a perfect storm of financial problems, with no easy fix.
David Podein, attorney, Haber Law: “I think it is a dire situation on the horizon.”
Condo law attorneys David Podein and Jonathan Goldstein are sounding the alarm.
David Podein: “Between skyrocketing insurance costs, the huge capital needs for the structural repairs and the mandatory reserve funding, we felt that there is this confluence of factors that could create a ‘zombie condo.’”
“Zombie condos” are large buildings that are mostly empty because many of the owners couldn’t afford to live there anymore.
Luxury condominium owners are taking the building's developer to court. When buyers purchased condos at…
The condominium association of the Aston Martin Residences Miami filed a lawsuit against the building’s…
“I’ve never seen this level of arrogance by a developer, such brazen self-dealing, "David Haber,…
It is a branded building that is supposed to be held to some standards that…
The People who bought apartments at the world's first Aston Martin-branded residential building were promised…
Germán Coto allegedly engaged in self-dealing via bogus contracts that lined his pockets, according to…