and Video Courtesy of
Channel 9 -- ABC
-- Daytona Beach
Published December 19, 2009
Fla. -- A Kissimmee condo complex went
through a dramatic turnaround.
News first reported in September that the Cascades condos were out of
money. The grass was growing tall and the complex's water was almost shut
now families have a nicer place to live. It is a new
beginning at Cascades condo complex. The place used to be
a dump with a long list of issues.
then, Toho Water Authority threatened to turn off the
water supply to all 304 units on the property, because of
a past due $48,000 bill. Since then, the residents fired
their old management firm.
got a new management company now. They've helped us work with our
creditors to get everything turned around," resident Lorri Maiorano
new company was able to cut the bill in half, making $10,000 monthly
payments while collecting the same HOA fees. Itís also paying the
was very depressing coming to the community," resident Grace Belliard
like Belliard pitched in and mowed the property themselves and hired a
landscaping company to come by every week.
swimming pool was more like a cesspool. It was brown and dingy, but now
it's crystal clear. The fountain is also working again.
of the units are in foreclosure, going for between $23,000 and $50,000,
but agents say they're starting to see movement because of the
a bright day here at Cascades, even with the sun behind the clouds,"
third of the condos at Cascades are still in foreclosure.
Residents' Water Not Shut Off
to be shut off at Kissimmee condos