Friday, January 22, 2010

Central Florida Condo Complex "Like A Ghost Town" As Almost Half Of Units In Some Stage Of Foreclosure

In Central Florida, MyFox (Channel 13) Tampa Bay reports:
  • The Belmont condominium complex in Zephyrhills feels a lot like a ghost town. "It's such a beautiful place and it's empty. People can't enjoy it," lamented Patty Van, who was visiting friends there. The complex is almost empty because foreclosures have driven most of the one-time condo owners away. According to Kimberly Gibbs, a condo association board member, 105 of the 224 units are in some stage of foreclosure.

  • "It's great if you like being alone," Vickie Brush said as she pointed to her nearly empty building. Brush may feel alone because of the foreclosure crisis, but last week she felt scared. Friday night, all the security lights were turned off because of an unpaid light bill. "It's a dark hole. It's scary, and not all the lights on the facility work because there's been no maintenance here," Brush said.

For the story, see Foreclosures take toll on condo complex.