Quote:
Originally Posted by Hal :-)
I wanted to end this thread, enough already. But I keep getting OMG revelations. I wanted to share one last post with you all. I've had free time to surf and I'm surprised I hadn't seen the IRA vs The Villages issue before. I assume most of you are familiar. Reading how the Developer mishandled your money and lined his pockets for hundreds of millions (tax-free) really shocks me. Given what I've been through I really shouldn't be surprised.
The POA site mentions the issue and says that residence don't get a vote. That was an Ah-ha moment. The purchase agreement spells out specifically that it's an "Amenity fee" and there's no Home Owners Association. With an HOA, residence would have a say.
Oh well, we're leaving tomorrow and I'll leave on a positive note. I got a call tonight from our sales rep. We can pick up a credit receipt in the morning. The $2500 deposit refund has already been processed. So, we'll head home and enjoy the holidays. Then we'll think about where we go from here.
Happy Holidays and best wishes to all here.
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Yes that IRA thing has been nitpicked to death as well. You have those residents who think the Developer is a great business person who can do no wrong. Than there are those on the other side of the fence that say "yes, there is business, but you can take it too far and it turns into greed", and think the IRS thing falls into that category. Personally, I hope that if the IRS thing turns out to be an illegal maneuver, the Morses will be penalized, and the residents will not end up footing the bill. Either the Morses will make it right or the residents will file a class action lawsuit similiar to the other ones they have filed in the past, to force the Morses to make it right. In the end, the great majority of people love living here, and feel it was a good decision to make the move. I'm glad to hear you've gotten your refund - enjoy the holidays!