Squatters take over vacant HOA home, condos

By Deborah Goonan, Independent American Communities Although some housing markets have recovered from the 2008 crash, some locations are still feeling the pain of abandoned homes and condos. Banks are still slow to complete foreclosure sales on thousands of properties, so they languish and rot where they stand. The vacancy problem was created when developers built too many homes and condos, too fast. When market values dropped dramatically, many buyers and investors just walked away. Continue ReadingSquatters take over vacant HOA home, condos