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.
The Fontainebleau Hotel is facing a lawsuit from condo owners who claim new rules governing…
The Fontainebleau Hotel is facing a lawsuit from condo owners in its Tresor and Sorrento…
On January 14, 2026, the U.S. Department of Housing and Urban Development (“HUD”) published a…
Section 718.111 of the Condominium Act provides certain requirements regarding websites for condominium associations. The…
The Florida Statutes and Florida Administrative Code provide that Condominium Associations must furnish to prospective…
In a new Lender Letter dated March 18, 2026, Fannie Mae outlined new requirements for…