I-Team: Dozens of renters of HOA foreclosure properties evicted amid dispute over title ownership. Properties bring in huge profits with low costs
TAMPA – In Florida, homeowners’ associations can foreclose on homes when owners don’t pay their dues…sometimes for as little as a few thousand dollars.
Investors who buy the liens get temporary titles and can rent those houses until banks foreclose.
But as the I-Team discovered, leasing these properties can pose plenty of potential problems for renters.
“It was a little over 1300 square feet. There’s a half bath on the bottom floor and two full baths on the main,” said Chelcie Miller, describing her former Carrollwood Rental townhome.
“We came over, looked at the house and fell in love with it,” said Jorge Taveras, describing the house he rented in Riverview.
But what started out as dream homes, eventually became nightmares.
“I feel like we’ve been betrayed,” said Taveras.
We met the Taveras family as they packed up to move.
“We were supposedly on the premises illegally,” said Christine Taveras, Jorge’s wife.
In four years, they paid more than $62,000 in rent, never missing a rent payment.
But in March, a new landlord claimed ownership of the property, while the company they signed a lease with continued to expect rent payments.
They were caught in the middle and ended up being evicted. Read more
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