How'd you like to have a practice that does nothing other than service condo associations in the middle of this real estate meltdown?
Meet Robert Kaye:
Kaye is a partner with Kaye & Bender law firm in Fort Lauderdale. The full-service commercial law firm represents more than 600 condominium and homeowner associations in Broward, Miami-Dade and Palm Beach counties.I'm kidding, of course. Bob's firm is a true full-service firm that does all kinds of other things too.
Still, for those condo board clients, it just might take a while for those collectables to roll in:
When will the situation improve?
It is very difficult to predict the end of the current situation that we are in. At the end of the 1970s, there was a real estate recession in South Florida and it took nearly 14 years to recover. The current economic conditions are far worse now than they were then, but there are also circumstantial differences, such as the stimulus funds from the federal government. That should contribute to a faster recovery.Ok, so maybe 10 years, that's still a long time.
Just to be safe, let me call the bank and check on my line of credit.
Hello? Hello? Out of service?