Talk of The Villages Florida - View Single Post - Is this info correct??
View Single Post
 
Old 05-18-2011, 06:41 PM
redwitch's Avatar
redwitch redwitch is offline
Sage
Join Date: Oct 2007
Posts: 9,094
Thanks: 3
Thanked 80 Times in 37 Posts
Send a message via Yahoo to redwitch
Default

Could be that the 20% federal requirement has been met. If it hasn't it would be illegal to bar someone under 55. Once met, it is the builder's option. When it looked like there might be issues with people being able to qualify (like 2 years ago), TV pretty much was taking anyone who could pay. Now, it seems to be getting fussy again -- they've found people are willing to buy here regardless of the market nationwide.

Guess you could find someone you trust to put on the deed over 55 and then remove them after you hit 55? Or did they say they had to live in the house? Also wonder if things are as stringent for pre-owned homes? Hmmm .... time to do some checking.
__________________
Army/embassy brat - traveled too much to mention
Moved here from SF Bay Area (East Bay)

"There are only two ways to live your life: One is as though nothing is a miracle; the other is as though everything is a miracle." Albert Einstein