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More Problems for 770 Sandy Street Condo Owners

The six condo owners now occupying the 26-unit Rittenhouse Club Condominium at 770 Sandy Street are on the hook for the luxury condo's utility bills.

According to The Times Herald, after years of legal wrangling, the six condo owners allowed to take possession of their condos after the condemnation order on 770 Sandy Street was lifted last month are facing more building-related woes.

The owners were scheduled to take over financial responsibilty for the building utilities from the municipality more than a month after they were let back in the building, but scheduling conflicts reportedly kept the two parties from meeting and hashing out the details. The problem now is that there's no condo association in place to handle the fiscal responsibilities or sell the remaining units and convicted builder Bruce Fazio is still the owner.

"The bank has not foreclosed on the 15 units so a majority of the property is owned by Bruce Fazio," condo owner Ryan Schofield told the Herald. "He is not going to make any payments. Six people cannot make up for the costs for 26 units. I do not have the financial ability or the knowledge to run a property."

Lawyers for Norristown say the municipality will not continue to pay for the building's utilities.

"It is inappropriate for Norristown to continue paying the utilities for private residences," said attorney Ken Trujillo, according to the Herald.

Read more about the continuing issues of 770 Sandy Street here.

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Jim Romano September 21, 2012 at 11:41 PM
"It is inappropriate for Norristown to continue paying the utilities for private residences," but I guess its OK for the borough to allow shoddy building work. Where was code enforcement when this was being constructed?
Mohandus Frieri September 22, 2012 at 02:29 AM
Rough times,eh!
Clifford A. Giddens February 13, 2013 at 06:08 PM
The owners n the boro should be accountable for all cost in this situation.
Clifford A. Giddens February 13, 2013 at 06:11 PM
The owners n the boro should b accountable for any cost in this situation.

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