{"id":31959,"date":"2010-03-08T06:26:52","date_gmt":"2010-03-08T06:26:52","guid":{"rendered":"http:\/\/therealestatemango.com\/2010\/03\/08\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/"},"modified":"2019-04-23T20:54:34","modified_gmt":"2019-04-23T20:54:34","slug":"aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/","title":{"rendered":"Aventura Condo Problems&#8230;Non Payment of Maintenance Fees&#8230;Impact on the Condo&#8230;Possible Solution"},"content":{"rendered":"<p><strong><a href=\"http:\/\/therealestatemango.com\/files\/2010\/03\/iStock_000011028805XSmall.jpg\"><img loading=\"lazy\" class=\"alignleft size-medium wp-image-1114\" src=\"http:\/\/therealestatemango.com\/files\/2010\/03\/iStock_000011028805XSmall-300x199.jpg\" alt=\"iStock_000011028805XSmall\" width=\"300\" height=\"199\" \/><\/a>Condos and homeowners associations are facing a crisis of tremendous proportions when owners stop paying maintenance.\u00a0 This situation is occurring with alarming frequency.\u00a0\u00a0 <\/strong><\/p>\n<p>As soon as a homeowner stops their mortgage payments, the banks start foreclosure proceedings and then just stop.\u00a0 They hesitate to foreclose in this market because they don&#8217;t want a declining asset on their books.\u00a0 So they wait.<\/p>\n<p>In the meantime, the homeowners stops paying maintenance fees\u00a0and the associations cannot pay their bills.\u00a0 <strong>WHAT TO DO!!!<\/strong><\/p>\n<p><strong>The idea today is mentioned in the<a title=\"Condo solution\" href=\"http:\/\/www.miamiherald.com\/2010\/03\/07\/1516871\/desperate-condo-homeowner-groups.html?story_link=email_msg\" target=\"_blank\" rel=\"noopener noreferrer\"> Miami Herald <\/a>in great detail but the jist of it is this&#8230;..under the existing law, condo and homeowner associations can foreclose for unpaid maintenance.\u00a0 If they proceed with this&#8230;.and take title of the unit, the bank has no choice but to take it back and pay the maintenance (which cannot exceed 12 months back due).\u00a0<\/strong><\/p>\n<p>The reason this works for the associations is because the banks&#8217;\u00a0 lien prevents the association from making a sale.\u00a0 If they go to court and ask the judge to give the title back to the bank, the bank has no choice but to accept and pay the maintenance owed up to 12 months of deliquent payments.<\/p>\n<p><strong>THIS IS FOOD FOR THOUGHT!!!!<\/strong><\/p>\n<p>I spoke to a homeowner association member today, who said their lawyers are looking into this scenario.\u00a0 What will the costs be to the rest of the homeowners?\u00a0 Is this financially viable?\u00a0 I will keep you posted.<\/p>\n<p>If you are interested in more information&#8230;.please call me.\u00a0\u00a0 LEE HEUER 305 607 1943\u00a0\u00a0 anytime&#8230;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Condos and homeowners associations are facing a crisis of tremendous proportions when owners stop paying maintenance.\u00a0 This situation is occurring with alarming frequency.\u00a0\u00a0 As soon as a homeowner stops their mortgage payments, the banks start foreclosure proceedings and then just stop.\u00a0 They hesitate to foreclose in this market because they don&#8217;t want a declining asset<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aventura Condo Problems...Non Payment of Maintenance Fees...Impact on the Condo...Possible Solution - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aventura Condo Problems...Non Payment of Maintenance Fees...Impact on the Condo...Possible Solution - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"Condos and homeowners associations are facing a crisis of tremendous proportions when owners stop paying maintenance.\u00a0 This situation is occurring with alarming frequency.\u00a0\u00a0 As soon as a homeowner stops their mortgage payments, the banks start foreclosure proceedings and then just stop.\u00a0 They hesitate to foreclose in this market because they don&#8217;t want a declining assetRead More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/\" \/>\n<meta property=\"og:site_name\" content=\"BHHS EWM Realty\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/EWMRealtyInternational\" \/>\n<meta property=\"article:published_time\" content=\"2010-03-08T06:26:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-23T20:54:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHS-On-Solid-Background.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"376\" \/>\n\t<meta property=\"og:image:height\" content=\"376\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/\"},\"author\":{\"name\":\"Admin\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/c02e56ee015dc7d104143c38d8028970\"},\"headline\":\"Aventura Condo Problems&#8230;Non Payment of Maintenance Fees&#8230;Impact on the Condo&#8230;Possible Solution\",\"datePublished\":\"2010-03-08T06:26:52+00:00\",\"dateModified\":\"2019-04-23T20:54:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/\"},\"wordCount\":267,\"publisher\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#organization\"},\"articleSection\":[\"EWM News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/\",\"url\":\"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/\",\"name\":\"Aventura Condo Problems...Non Payment of Maintenance Fees...Impact on the Condo...Possible Solution - BHHS EWM Realty\",\"isPartOf\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#website\"},\"datePublished\":\"2010-03-08T06:26:52+00:00\",\"dateModified\":\"2019-04-23T20:54:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ewmrealestate.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Aventura Condo Problems&#8230;Non Payment of Maintenance Fees&#8230;Impact on the Condo&#8230;Possible Solution\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#website\",\"url\":\"https:\/\/ewmrealestate.com\/blog\/\",\"name\":\"BHHS EWM Realty\",\"description\":\"Blog\",\"publisher\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ewmrealestate.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#organization\",\"name\":\"BHHS EWM Realty\",\"url\":\"https:\/\/ewmrealestate.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHSLogo2_2019.png\",\"contentUrl\":\"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHSLogo2_2019.png\",\"width\":1804,\"height\":345,\"caption\":\"BHHS EWM Realty\"},\"image\":{\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/instagram.com\/ewmrealty\/\",\"https:\/\/www.facebook.com\/EWMRealtyInternational\",\"https:\/\/twitter.com\/ewmrealty\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/c02e56ee015dc7d104143c38d8028970\",\"name\":\"Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/126e96397c94bac2f4f926662a1f86fc?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/126e96397c94bac2f4f926662a1f86fc?s=96&d=mm&r=g\",\"caption\":\"Admin\"},\"url\":\"https:\/\/ewmrealestate.com\/blog\/author\/david-cruz-2\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Aventura Condo Problems...Non Payment of Maintenance Fees...Impact on the Condo...Possible Solution - BHHS EWM Realty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/","og_locale":"en_US","og_type":"article","og_title":"Aventura Condo Problems...Non Payment of Maintenance Fees...Impact on the Condo...Possible Solution - BHHS EWM Realty","og_description":"Condos and homeowners associations are facing a crisis of tremendous proportions when owners stop paying maintenance.\u00a0 This situation is occurring with alarming frequency.\u00a0\u00a0 As soon as a homeowner stops their mortgage payments, the banks start foreclosure proceedings and then just stop.\u00a0 They hesitate to foreclose in this market because they don&#8217;t want a declining assetRead More","og_url":"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/","og_site_name":"BHHS EWM Realty","article_publisher":"https:\/\/www.facebook.com\/EWMRealtyInternational","article_published_time":"2010-03-08T06:26:52+00:00","article_modified_time":"2019-04-23T20:54:34+00:00","og_image":[{"width":376,"height":376,"url":"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHS-On-Solid-Background.jpg","type":"image\/jpeg"}],"author":"Admin","twitter_misc":{"Written by":"Admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/#article","isPartOf":{"@id":"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/"},"author":{"name":"Admin","@id":"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/c02e56ee015dc7d104143c38d8028970"},"headline":"Aventura Condo Problems&#8230;Non Payment of Maintenance Fees&#8230;Impact on the Condo&#8230;Possible Solution","datePublished":"2010-03-08T06:26:52+00:00","dateModified":"2019-04-23T20:54:34+00:00","mainEntityOfPage":{"@id":"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/"},"wordCount":267,"publisher":{"@id":"https:\/\/ewmrealestate.com\/blog\/#organization"},"articleSection":["EWM News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/","url":"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/","name":"Aventura Condo Problems...Non Payment of Maintenance Fees...Impact on the Condo...Possible Solution - BHHS EWM Realty","isPartOf":{"@id":"https:\/\/ewmrealestate.com\/blog\/#website"},"datePublished":"2010-03-08T06:26:52+00:00","dateModified":"2019-04-23T20:54:34+00:00","breadcrumb":{"@id":"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ewmrealestate.com\/blog\/aventura-condo-problems-non-payment-of-maintenance-fees-impact-on-the-condo-possible-solution\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ewmrealestate.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Aventura Condo Problems&#8230;Non Payment of Maintenance Fees&#8230;Impact on the Condo&#8230;Possible Solution"}]},{"@type":"WebSite","@id":"https:\/\/ewmrealestate.com\/blog\/#website","url":"https:\/\/ewmrealestate.com\/blog\/","name":"BHHS EWM Realty","description":"Blog","publisher":{"@id":"https:\/\/ewmrealestate.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ewmrealestate.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ewmrealestate.com\/blog\/#organization","name":"BHHS EWM Realty","url":"https:\/\/ewmrealestate.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ewmrealestate.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHSLogo2_2019.png","contentUrl":"https:\/\/ewmrealestate.com\/blog\/wp-content\/uploads\/2019\/06\/BHHSLogo2_2019.png","width":1804,"height":345,"caption":"BHHS EWM Realty"},"image":{"@id":"https:\/\/ewmrealestate.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/instagram.com\/ewmrealty\/","https:\/\/www.facebook.com\/EWMRealtyInternational","https:\/\/twitter.com\/ewmrealty"]},{"@type":"Person","@id":"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/c02e56ee015dc7d104143c38d8028970","name":"Admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ewmrealestate.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/126e96397c94bac2f4f926662a1f86fc?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/126e96397c94bac2f4f926662a1f86fc?s=96&d=mm&r=g","caption":"Admin"},"url":"https:\/\/ewmrealestate.com\/blog\/author\/david-cruz-2\/"}]}},"_links":{"self":[{"href":"https:\/\/ewmrealestate.com\/blog\/wp-json\/wp\/v2\/posts\/31959"}],"collection":[{"href":"https:\/\/ewmrealestate.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ewmrealestate.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ewmrealestate.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ewmrealestate.com\/blog\/wp-json\/wp\/v2\/comments?post=31959"}],"version-history":[{"count":1,"href":"https:\/\/ewmrealestate.com\/blog\/wp-json\/wp\/v2\/posts\/31959\/revisions"}],"predecessor-version":[{"id":127019,"href":"https:\/\/ewmrealestate.com\/blog\/wp-json\/wp\/v2\/posts\/31959\/revisions\/127019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ewmrealestate.com\/blog\/wp-json\/wp\/v2\/media\/130092"}],"wp:attachment":[{"href":"https:\/\/ewmrealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=31959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ewmrealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=31959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ewmrealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=31959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}