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New Law Lets Florida Condos Borrow for Reserves...and It’s a Disaster in the Making
A year ago, Florida ended decades of waived condo reserves, requiring owners to save for critical repairs. But now a new law lets associations borrow yearly to fund reserves, creating a cycle of debt that could force owners into foreclosure. Eric and Karen break down the consequences, share what shocked the banks, and call for action. Join the conversation live Sunday at 11AM on YouTube.
📞 Call in: 717-GLAZER8 (717-452-9378)
💬 Drop a question in the YouTube chat
👉 Subscribe for more Condo Craze and HOAs updates!
👉 Follow us for critical insights every condo owner needs to know.
S3E23
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By CONDO CRAZE AND HOAS, INC.
5
33 ratings
A year ago, Florida ended decades of waived condo reserves, requiring owners to save for critical repairs. But now a new law lets associations borrow yearly to fund reserves, creating a cycle of debt that could force owners into foreclosure. Eric and Karen break down the consequences, share what shocked the banks, and call for action. Join the conversation live Sunday at 11AM on YouTube.
📞 Call in: 717-GLAZER8 (717-452-9378)
💬 Drop a question in the YouTube chat
👉 Subscribe for more Condo Craze and HOAs updates!
👉 Follow us for critical insights every condo owner needs to know.
S3E23
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