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The lawsuit alleges that HOA Problem Solutions, Inc. and a number of related companies have victimized homeowners, renters and homeowner associations for more than three years. Michael Chancey is one of the principals named in the lawsuit, which says he and his business partners operate multiple HOA foreclosure businesses out of a Tampa strip mall storefront, which bears a sign indicating it is a sports marketing business. Bondi says Chancey’s companies violate Florida's Deceptive and Unfair Trade Practices Act. The I-Team reported in June how Chance, his business partners and their attorneys bought home titles at HOA foreclosure auctions for pennies on the dollar, then rented the properties for a combined value of tens-of thousands of dollars a month. The lawsuit says... and tenants told us... they often weren't told the homes were in foreclosure and that they would have to move out quickly before their leases were up. “They pay for it in cash and rent the house for as long as they possibly can,” said former renter Christina Taverras. “And they gain their profits as long as they possibly can and once the bank says it's foreclosed, you've got to get out. Where's the families gonna go? surprise!” “There's a lot of houses.
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