[Advogado]

Collie, the problem that you face is that the material is so voluminous and complex that no lawyer is going to be able to read it in a couple of hours. Furthermore, even after reading it, he won't be able to really understand it understand it unless he is an expert in Florida CDD law, municipal bond law, and the federal tax law concerning municipal bonds. I'm not sure that any single attorney is.

My view of the practicalities of the situation: In the end, this whole thing could prove serious for homeowners (in terms of problems with the VCCDD's being able, financially, to deliver amenities). On the other hand, it might turn out to be pretty much a nonevent-- if the VCCDD prevails. Or, one can imagine some in-between scenarios.

In considering whether to purchase a home here, remember: anytime you buy in Florida (or any place else), you face risks. Buy in The Villages, you have reduced risk of hurricane damage, plus a great lifestyle. Hey, you're not going to live forever. Enjoy life while you can. Things will probably work out in the end (remember, the VCCDD can only tax within its borders-- and the property there is pretty much all owned by the Developer).

But if you buy here, join, and become active in, the Property Owners' Association. If this IRS thing goes the wrong way, I think that the POA will be key in representing the residents' interests as things get sorted out. It is the only organization that can, and will, try to look after our interests.