Source: 10 News.
Full Story: http://www.wtsp.com/story/news/inve...s-corporations-force-homeowners-out/12509493/Imagine living in your home and someone knocks on your door and says you have to sell, whether you want to or not -- and at a price the buyer establishes. It almost sounds un-American, but because of a quirky state law it is perfectly legal.
Karen Rehs who lives at Madison Oaks Condominiums in Palm Harbor is caught in the legal loophole. She paid $130,000 for her condo several years ago and now a corporation is offering her $40,000 and telling her she has to get out. Rehms says she can't take the $90,000 loss and doesn't want to leave.