Plumbing Assessments On Aging Fort Pierce Condo Complex Begin Overwhelming Elderly On Fixed Incomes

In Fort Pierce, Florida, WPTV-TV Channel 5 reports:

• Nearly $6,000 in assessments per unit for plumbing repairs some call unnecessary have some residents at Inlet House Condominiums — where many homeowners are elderly and on fixed incomes — unable or unwilling to pay their bills.

• Foreclosure measures have begun on nine of 60 units at the 55-and-up condo community at 2302 Sunrise Boulevard in Fort Pierce since July. The condo association put liens on another three units.

For more, see Plumbing assessments causing problems for Fort Pierce condo owners (Homeowners charged $6,000 for repairs).

See Deferred, Unfunded Maintenance A "Ticking Time Bomb" For Condo Associations; Tanking Real Estate Market, Unit Foreclosures Complicate Problem for an earlier post on a major problem sneaking up on unit owners in aging condominium complexes.