Florida Faces Condo Foreclosure Surge After Special Session Implosion

In this episode of the Miami Condo Minute™ micropodcast, host Peter Zalewski - founder of the Miami Condo Investing Club™ - discusses the implosion of the Florida Legislature’s Special Session that was requested by Gov. Ron DeSantis (R) to deal with pressing issues, including providing relief for cash-strapped condo owners facing skyrocketing fees. During the nearly six-minute podcast, Zalewski explains how things went sideways for condo owners who were hoping for a government bailout or deadline extension during the Special Session. He also reflects on a prediction by State Rep. Mike Caruso (R-Delray Beach) who said that Florida is on the brink of seeing a surge in condo foreclosures beginning as soon as March. Rep. Caruso highlighted that many elderly residents on fixed incomes are struggling with increased fees and special assessments, a situation exacerbated by laws enacted post-Surfside condo collapse. Read the report: https://peterzalewski.substack.com/p/florida-faces-condo-foreclosure-surge