Quote:
Originally Posted by Russ_Boston
They have the latest that they know about the IRS on the district gov website. What other info are they not divulging? Do you know of something?
Everyone who buys here is given the info about the normal bonds and the maintenance bonds and the amenity fee. They run a district government meeting (monthly? - someone help here). The district setup is given on the district website.
Obviously they thought they could issue the bonds as non taxable. If the IRS says no then they have to make amends.
As a new buyer I think I'm informed - NO?
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Russ, it is great that you are a savvy consumer and you were fully informed due to your own due dilligence
prior to purchasing. I applaud you for that. However, I would wager (if iI was a bettor) that most did not read the information related to this on the district.gov website prior to purchasing because they weren't even aware there was a potential issue like this loomng.
So, unless they explicitly pointed out that this issue could affect your ownership in the future, I don't think TV was practicing full disclosure to their customers prior to the sale. Sometimes customers just don't know what to ask about and as an ethical seller you have the responsibility to inform them.
So, as I said before, I am surprised that TV wouldn't want to make sure everyone was informed before buyiing. They could easily make sure this was the case by letting people know what was happeining between the IRS and themselves, even if it was by just defining it at a very high level so that people could look into it on their own if they so desired. I have always run bisinesses with openess and have never seen any of them suffer because of it. If they are already doing that, it is fine. If not, one has to question why they aren't.