Posted on September 9, 2015 - 03:03 PM
by Anne Glover
When their family started growing, Nadia and Tyson Le Monte decided to move into a larger home and rent out the condo she had purchased before marrying. When they did, they lost the homestead exemption on it.
Now, several years later, Bay Isle Key condos have been turned into apartments, and the family is facing a potential $70,000 loss. That's because a law that would have protected them had a last-minute stipulation added to it that said the conversion company didn't have to offer them what they paid for it.
They paid $254,900 in 2006 and only got $127,000 when the condos were converted.
Now this former Marine is facing yet another hardship in his life.