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Article and Video Courtesy of
FOX 35 NEWS -- ORLANDO
By
CHERLY GETUIZA
Published June 18, 2009
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 Watch
VIDEO
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KISSIMMEE, Fla. (WOFL FOX 35) - A Condominium
Association in Kissimmee has run out of money. Residents of the Cascades
Condominiums can't use the pool, the lawn is overgrown and now, the water
is expected to be turned off.
"Everybody's fed up, I'm fed up, I'm ready to
leave," says homeowner Angel Bermudez.
FOX 35 visited the complex four months ago. Bermudez
says things have gone from bad to worse.
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"They closed the office, there's no office, if you
have a problem, you can't go to the office, the laundry room is closed.
Everyday it's just getting worse."
To make matters worse, on Thursday, people living
there drove up to a sign warning them that the Toho Water Authority is
expected to turn off their water in a few days.
"I have spoken to some people. That's what
they're gonna do, they're gonna go to hotels or just leaving. Me,myself?
Hotel."
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A board member told FOX 35, "they're basically
bankrupt. They haven't been able to pay their bills."
For about a year, many homeowners stopped paying
their HOA fees. Now many places have foreclosed. Out of 300 units, only 90
are still there.
"It's really like a ghost town," said
Bermudez.
A lawyer told FOX 35, this is a really tough
situation.
"There's basically only one thing homeowners
can do. They can hire a lawyer, and ask for a receivership to have someone
else come in and take care of their facility.
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But even then, the remaining residents would
probably have to fork over even more cash to get things back in
working order.
"I'm very angry with some of these
homeowners. They're the main reason it's like this. It sucks. Sucks
is an understatement," Bermudez adds.
Board members say they are in negotiations
with Toho Water Authority to keep the water on. We'll keep you
posted on this story.
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