[villages07]

JV.... someone who has purchased recently can comment on current practices.

This was the case when I bought in mid 2006 (near the end of the boom). TV developer put this in place to ward off investor/flippers ... those who would buy a home hoping to cash in on a quick profit from appreciation. When the market went bust and subsequently slowed down, this was not so much an issue. I think they also made exceptions back then if someone had a family emergency requiring a quick sale or if the person bought another new TV home.