Owners want to rebuild condos | al.com

Owners want to rebuild condos | al.com: "Every month Dennis and Dianna Gray make the mortgage payment on an Orange Beach condominium that doesn't exist.

'It's just a piece of sand,' said the hair stylist from Gulf Shores. 'This was our nest egg. It was going to supplement our retirement.'

Hurricane Ivan all but destroyed the 70 gulf-front units at Royal Romar Dunes in September 2004, and developers from around the country swooped in with multi-million-dollar offers for the beach property with 230 front feet on the Gulf of Mexico next to a state park."