Article Courtesy of The Miami Herald
By SCOTT ANDRON
Published March 22, 2008
At the Fountains of Tamarac, the condo association has no insurance, a couple of unit owners are cutting the community's grass themselves, and 90 percent of the unit owners aren't paying their maintenance fees.
Even two banks, both of whom acquired their condos out of foreclosure, haven't paid their dues.
Condo President Cesar Gonzalez views the start of hurricane season with dread.
''We're hurting really bad,'' he said. "I don't know if I can handle the stress.''
The Fountains of Tamarac is an extreme example of a growing problem in South Florida: As the economy slumps and home prices fall, a growing number of home- and condo owners are not paying their community fees. That's creating enormous problems for their neighbors, who must either pick up the slack by paying higher fees or else live with reduced services.
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