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Loopholes will still allow rich Floridians to force condo owners to sell at a loss

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guest blog by Deborah Goonan
Here is a prime example of why State Legislatures cannot always be trusted to serve the best interests of its constituents when it comes to regulation of common interest communities, including homeowners’ associations and condominiums.Take a look at this excerpt from the attached Tampa Bay Times news article (see link below):

“Rep. Chris Sprowls and Sen. Jack Latvala, both Pinellas County Republicans, have filed identical bills requiring that owners who object to termination be compensated for 110 percent of the purchase price or the fair market value, whichever is greater.

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Final Four Convicted In Vegas

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It’s been years coming, but the final four HOA thieves in Las Vegas have been convicted. They helped steal millions of dollars from more than a dozen Las Vegas and Henderson homeowners. This organized crime/racketeering ring put fake board members in HOAs up and down the valley and steered HOA dues into the pockets of lawyers, politicians, police officers, public figures and others. The homeowners will never get their stolen money back. A federal judge has already predicted that.

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