Seth Heller, a professional receiver, is a leading advocate for the blanket receivership tactic that forces investors who own single or multiple units and rent or lend them out to pay regular monthly assessment fees to their associations. The widespread failure to do so has added to considerable financial strains in many condo and homeowner associations in South Florida. Courts in the region are becoming more amenable to the blanket receivership approach.
Investor deadbeats must pay, receiver says
September 09, 2009 02:37PM