What Happens When Condos Fail?
November 19, 2015
What happens when condos fail? In the case of Tymber Skan, which was once an "upscale" resort-style community, drugs, violence, and general apathy have gotten so bad, that some want to raze it and start anew. Approximately 90% of the residents are renters. This is the quintessential "slum lord" situation. Utility companies have had continuing problems at this community. In September, Brighthouse cable disconnected its service to the community because of an armed robbery of one of its service workers. In October, OUC disconnected power to about 2/3s of the community because the Association that governs that section has been unable to pay over $100,000 in past due bills, and the county started issuing eviction notices. Now, as of Nobember 9, OUC has shut off the water and demolition has begun. This is why a homeowners' association MUST operate professionally, maintaining the property and pursuing those who do not pay their assessments. For more on the Tymber Skan saga and photos of the demolition, click the button below. Click the photo on the left to link to the story about Brightouse. (Photo courtesy of WFTV.COM).
