Published March 24, 2007
AMELIA ISLAND, FL -- A group of senior
citizens at Marsh Cove Condominiums say they are being forced out of their
homes by a group of investors.
"We're just sick. I can't go to sleep at night. It's on my mind every
minute," said Gail Oliver, who has owned her condo for three years.
According to Property Management Systems, Inc, the company that represents
the condo association, a group of investors under the name The Amelia
Group LLC bought 104 of 120 units at Marsh Cove during the past year.
Although owners of 16 units say they were offered more than double the
value of their property, they refuse to sell.
"It's not about money. I want to keep my unit. I love my unit. These
developers are doing everything that they can to force us out," said
Stillwell says the remaining 16 owners are being forced out through
maintenance fees that have doubled and three special assessments. The
latest is roughly $5,000. That's more than some residents can afford.
"Some people out here have gotten foreclosure notices. We all have
gotten a lien taken against our properties. They pretty much scare
everyone out here," says Patricia Margain, who has owned her unit for
According to the Florida Condominium Act, a company that purchases the
majority of the units at a complex often is allowed seats on the board of
the condo associations. If members of the board make a proposal, it must
only be passed by the majority, which the company owns. Often the minority
has little or no power.
"As far as the Florida Condominium Act requirements, stipulations,
guidelines -- the association is being managed well with in those
guidelines," said Property Management Systems, Inc. President Terry
"Just because we own something that someone else would like to have
doesn't give them the right to take it away from us at any cost,"
Our calls to The Amelia Group LLC were not immediately returned.
Several of the 16 owners have sought the advice of an attorney. They have
not decided on legal action.