Resort at Singer Island

Court records show nearly 60 units are in foreclosure in the Resort at Singer Island. At least $1.5 million in assessments haven’t been paid, and those numbers will probably rise. During the BOOM, owners said they plunked down hundreds of thousands of dollars with the promise that they would make money when the units were rented for as much as $600 a night. Of coarse this never happened. This is Singer Island.. I have no idea why any one in the world would pay $600 per night to be in that location. I do not feel sorry for these investors that were sold a broken business model from the beginning.