Quote:
Originally Posted by OrangeBlossomBaby
Except that it either isn't happening, or isn't happening correctly.
Many older Villagers have passed away and left their properties to their under-55 children. Those under-55 children already have Villagers IDs (since you can have up to 4 ids per property). They own the house, they live in the house, they're under 55, and their over 55 parents, who allowed for that 80% qualification to be valid, no longer exist.
This is not uncommon, it happens.
In addition, private sales that don't involve The Villages Hometown Real Estate (the developer's agency) are private. The Villages don't get to find out who's moving in, until after the buyer has already purchased the house and moved in. The Developer isn't going to tell them "sorry but you can't live here even though you bought the house fair and square."
This is also not uncommon. It happens.
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I wonder whether sales of Villages properties aren't reviewed by the Developer. IDs are issued by the sales office so the Villages becomes involved at some point. I picked up my mailbox key from the sales office but that may be because my house was listed with them.
The Developer is responsible for monitoring the 80/20 ratio and ensuring it is met. At some point the Developer must have a way to refuse to allow occupancy if there is no resident at least 55+.
The sales people are aware of the deed restriction against children in the house and would refuse to sell to a family. They are also aware of the 80/20 restrictions and they must have a way to check that as well.
But remember, it doesn't matter who owns the home, the requirement concerns who resides in the home.
Plus, none of this really matters if the under 55+ portion is far less than 20%.