ED Magedson – Founder
Americas on the Park Condominium Association777 Bayshore Drive Fort Lauderdale , Florida USA
Americas on the Park Condominium Association Steven Auerbacher, President Sheryl Franco, Manager Excessive Billing and Owner Assessments at Americas On the Park Fort Lauderdale Florida
I have a couple of acquaintances who live in Americas on the Park and who are literally stuck because they cannot sell their places due to the greed and outrageous financial assessments imposed by the Board of Directors. New buyers won't touch these condos.
Over the past decade these individuals have endured assessments and monthly maintenance that exceed $150,000. THAT'S FOR ONE UNTI! There are about 90 units in the building. In fact, they tell me that everyone on the Board is in on it, including the building manager. The Board is in bed with a couple of contracting companies and home buulder in the area including Hendricks Homes.
One project was a party room upgrade that they priced out at about $140,000 that the Board conveniently inflated to more than $400,000. The level of kickbacks going on is disgusting. I can't imagine that the Board President thinks he will continue to get away with it. In fact, I am told there is a pending investigation into this building by the state attorney's office.
Karma is a b***h!
This report was posted on Ripoff Report on 09/12/2013 01:53 PM and is a permanent record located here: http://www.ripoffreport.com/reports/americas-on-the-park-condominium-association/fort-lauderdale-florida-33304/americas-on-the-park-condominium-association-steven-auerbacher-president-sheryl-franco-1084008. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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