The 5-foot alligator lurking in the algae-green waters of the community swimming pool was not the worst thing code-enforcement officers have found in recent years at AAA Apartments in Cocoa.
Bathrooms infested with mold. Walls with gaping holes where air conditioners had been ripped out. Garbage and trash strewn about the 52-unit complex. The city began issuing code-violation fines in 2007, back at the beginning of the housing slump, and the apartments’ co-owners soon owed the city $1.8 million — more than three times the current list price of the property, and enough money to motivate the now-former co-owners to try bribing a code-enforcement officer.
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Now it’s time for commercial properties to face foreclosures?