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Originally Posted by jflynn1
The POA did a great job of explaining exactly what is going on with the IRS lawsuits. The NewYork Times also provided great insight. You should really understand what your exposure is before you sign on the dotted line. A friend just purchased a new home here and tried to get the Villages to exclude any possible libility to the homeowner in the event the IRS wins.
The villages refused. They also purchased a model home and found out at the closing that because the house was built 11 months ago they only had a one month warranty.
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It's nice to see something pure in this discussion, and it is absolutely pure BS that the POA has added any information whatsoever re the IRS question. At best, they have paraphrased the details provided by Janet Tutt in the Daily Sun and printed on the CDD web site.
http://www.districtgov.org/ They (POA) did respond pretty early on that the Ritchie articles were somewhat scaremongering with little or no basis in fact and urged TVers not to overreact. However, since their siding Armageddon seems to have chilled and their hospital jihad never got off the ground, maybe they need another cause (and income source?). I can't think of any other reason for the POA to be backing off their earlier sensible reaction and advice.
Months ago, the IRS was an on-going investigation with nothing but allegations from one side in the dispute. There were few facts to which both parties agreed and even fewer which could or should be discussed in the newspaper. That's what the legal system is for. And just because someone reiterates the same story in June, July, and August doesn't mean anything is happening in the case or that something should be done. And just because the NY Times jumps in late with a column that includes a threat from some 2 bit IRS investigator hardly makes them the great oracle.
And finally, if this situation worries potential buyers so much that they demand relief from liability on a case of which they are totally ignorant that is far from settled, may I suggest one of the many other retirement communities in the area and elsewhere. We don't need them.
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