A Florida law is forcing families to lose their home to wealthy developers!
  • Petitioned The governor of FL - The Federal Trade Commision - State Senate & House

This petition was delivered to:

Secretary of State Ken Detzner
The governor of FL - The Federal Trade Commision - State Senate & House
The governor of FL
The governor of FL - The Federal Trade Commision - State Senate & House
represent Florida's 27th Congressional District,
Ileana Ros-Lehtinen

A Florida law is forcing families to lose their home to wealthy developers!

    1. Antonio Susana
    2. Petition by

      Antonio Susana

      Miami, FL

Florida Law 718.117 gives condominium developers the power to force individual owners to sell their home at fire-sale prices, and the impact has been devastating. In a market where virtually every home is underwater, wealthy developers are taking our homes at massive discount, under the guise of “fair market value.”

 As recently as 2007, before this law, it took the vote of 100% of unit owners to terminate a condominium association.  But now, once a wealthy developer reacquires 80% of the assets, he can terminate the association and force everyone else to sell at the current, depressed value – well below the mortgage obligation.

 Clearly Florida law 718.117 is a boon for big business interests.  It has made it easier for developers to acquire condominium buildings and turn them into rentals.  Meanwhile, mortgage-paying homeowners are in effect being evicted – we are given just 90 days to sell and vacate.  We lose our home and are left with tens of thousands of dollars still owed to the lender.

 As owners, it’s more than just losing our savings, but also the stability of our families and the safety of our children.  With each forced sale that this unjust law allows, Florida families lose the American dream that each of us worked so long and sacrificed so much to achieve. 

Does the U.S. Constitution no longer protect the right to private property?   We think it does, and that is why we are demanding the repeal of Florida Law 718.117. 

Will you stand with us to stop the wealthy developers from taking our homes?

 

 

 

To:
The governor of FL - The Federal Trade Commision - State Senate & House, Secretary of State Ken Detzner
The governor of FL - The Federal Trade Commision - State Senate & House, The governor of FL
Ileana Ros-Lehtinen, represent Florida's 27th Congressional District,
A Florida law is forcing families to lose their home to wealthy developers!

Sincerely,
[Your name]

Recent signatures

    News

    1. Reached 25 signatures

    Supporters

    Reasons for signing

    • ZILKA DAMIEN FRANCE
      • 10 months ago

      OK !!!

      REPORT THIS COMMENT:
    • Maritza E Costa HIALEAH, FL
      • about 1 year ago

      Se debe llegar a un acuerdo con los propietarios para que puedan pagar un pago justo de acuerdo a sus posibilidades,si este pais sigue asi y el gobierno no toma parte la gran mayoria de las personas van a caer en la miseria y la miseria engendra miserables despues que no busquen respuestas a las cosas tristes que estan ocurriendo.Basta de abusos las personas necesitan ayuda y hay que empezar a ocuparse.

      REPORT THIS COMMENT:
    • ileana pagola MIAMI, FL
      • about 1 year ago

      Please lets protect our investments. lets keep the american dream of becoming home owners alive.

      this law will make people afraid of buying condominiums. it is an scary law

      REPORT THIS COMMENT:
    • Omauri M. MIAMI, FL
      • about 1 year ago

      "There is no logical reason that explains why families that are currently holding mortgages (within good standings with the mortgage holder) should be forced to sell their houses; including losing substantial deposit(s) and forced to maintain a debt for a house that was taken by a developer.”

      This is FL status 718.117 - Force to sell at fair market value!!

      “The majority of Mortgages in USA are under the water"

      al)

      REPORT THIS COMMENT:
    • Rolando Rodriguez MIAMI, FL
      • about 1 year ago

      porque es una injusticia, la verdad no se que esta pasando con las leyes, no estan ayudandoa los propuietarios y solo protegen a los bancos , el gobierno ayuda a los bancos y estos hacen lo que quieren, por otro lado las leyes y las cortes tampoco esta haciendo nada para ayudar a los propietarios a que mantengan sus propiedades.

      REPORT THIS COMMENT:

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