Talk of The Villages Florida - View Single Post - BOND Question Anyone Familiar With this Situation
Thread: BOND Question Anyone Familiar With this Situation
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Old 07-24-2012, 09:23 PM
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Originally Posted by KeepingItReal View Post
Problem is not a thing about the additional pro-rated year was disclosed to us by our agent even though we ask repeatedly. We were not privy to the closing numbers until after the deposit was made and then it was too late. If this information had been given to us then it would have been a decision for us to pay it or not. This may be VCCD policy but I want to know if it is in compliance with the state regulations for CDDs.
Did your agent disclose to you the on going IRS tax free bond issue and its potential negative effects on your investment? Did your agent tell you that you were not paying off the tax free bond? (That’s tax free to the bond holder.) Did your agent tell you part of your amenity fees are used to pay legal fees to deal with the IRS?