Squatters, Scammers & Other Assorted Freeloaders Making Themselves At Home In High End Vacant Miami Condos In Foreclosure

In Miami, Florida, The Miami Herald reports:

• Among the decidedly low-rent problems plaguing South Florida's luxury condo market, squatters are the latest headache to arise from the glut of vacant foreclosures in some of Miami's toniest condominiums.

• At a recent meeting at the Brickell on the River North, a room full of property managers sat down to commiserate over a slew of other troubles: Impostor landlords leasing units they do not own, collecting deposits and rent from unsuspecting tenants, and a rash of vandalism and burglaries. Investor-owners, desperate to turn a dollar, are even renting to tourists by the day, undercutting local hotels at bargain rates.

For more, see Condo bust draws scams and squatters (Property managers at condos are coping with new schemes -- some criminal, others plain irritating -- arising from foreclosures) (if link expires, try here and try here).