Topic: Shoreline Towers condo association plans to be a buyer in foreclosure
Shoreline Towers condo association plans to be a buyer in foreclosure market
Shoreline Towers Condominium is tired of fretting over the double-whammy of falling property values and lost assessments as foreclosures pop up in its building.
Deciding it has had enough, the board of Shoreline's homeowners association is taking matters into its own hands by knocking on neighbors' doors and asking them to approve a novel plan that would make the homeowners association a landlord in its own building.