Posted by Moderator 560 days ago (http://www.sun-sentinel.com)
Category: Mold News | Tags: respiratory problems foreclosure condo
The mold blooming in unit L-107 at Venetian Terrace is a sickening black wallpaper of flowery-looking growths.

Like thousands of homes throughout Palm Beach County, it is in foreclosure, abandoned and caught in a labyrinthine legal system that has left it to putrefy with a leaky air conditioner that leaves dark puddles in the carpet and warping drywall.

Attorneys say L-107 is a prime example of everything that has gone wrong in real estate: a no-money-down loan on a condo now worth a fraction of its 2007 purchase price, a mortgage that went bad almost immediately, a borrower who walked away, a lost note, unclear ownership rights, and robo-signed documents handled by a foreclosure mill.

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