Yes, bedbugs will get onto clothes or whatever and will be transported to other homes. Your visitors are at great risk for taking bedbugs home with them.
They can be exterminated - this costs $$$ - however, must be done professionally and is not a do it yourself project with a few cans of RAID.
Sue the seller? You would probably spend more in legal fees than could ever be collected. Collections can also take years.
Homeowners insurance policies rarely cover infestations of vermin.
Not good news but hopefully, this can all be fixed and you can someday enjoy The Villages.
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