Florida Couple Loses 32-Year-Old Condo to Investor's Rule Change
Howard and Melissa Fellman fought a legal battle to keep their Boca Raton unit but were overruled by court decisions favoring the investor.
- The Fellmans' condo unit was part of a 176-unit complex bought by The Scully Company, which changed the termination rules.
- Originally, 100% owner approval was needed to terminate the condominium, but the investor reduced this to 80%.
- The couple's legal efforts to reverse the decision were unsuccessful despite a similar Miami court ruling favoring condo owners.
- The Scully Company offered $210,000 for the unit, but the Fellmans argue it is worth over $300,000.
- The legal fight has cost the Fellmans more than the offered price, and they are also liable for the investor's legal fees.