Ala. coast condo foreclosures hit plateau

Foreclosures haven’t hit local condominium associations as much as their peers in some states, but that may change as new assessments are sent out to help pay for insurance.

Condo foreclosures hit a plateau about six months ago, according to attorney Daniel Craven of Gulf Shores. “We’re not in as desperate financial condition,” as other parts of the country, he said. “And collection efforts on delinquencies have held their own.”

Ala. coast condo foreclosures hit plateau