Florida's Foreclosure Tsunami's Canadian Connection

[don]

“We have a real problem with property ownership right now in this country” — Florida homeowner; about 18:00 on the tape

this from today’s broadcast of Canadian Broadcasting Corporation’s The Current on CBC Radio 1, with Anna Marie Tremonti
Nov 02/10 – Pt 1: Foreclosures<– click here to go to CBC’s episode site (with pop-up audio file)

In the wake of the U.S. mortgage crisis, banks have seized millions of homes. This year alone, nearly 300,000 homeowners in Florida received foreclosure notices. Now, there are allegations that many of those home were seized unfairly. The Current’s Howard Goldenthal traveled to Florida to look into those allegations and how the scandal is touching the lives of a lot of Canadians.


http://housingdoom.com/2010/11/02/it...eclosure-gate/

I have a friend that lives in a large condo project in Coconut Creek. She says Canadians are their association's favorite owners- they pay their dues and are gone half the year!