Quote:
Originally Posted by TomW
Also, there is a clause in the new home TV purchase contract regarding the SEVERE financial penalties you may incur if you don't close on the day they select. This forces many to go through Citizens Wholesale Mortgage (not Citizens First Bank) because CWM guarantees they will be ready to close on your TV assigned date. I don't know if this clause is present in resale contracts.
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Severe charge? Wait now. ANY change in your contract with The Villages results in a $250. charge. When they were building to suit if you changed any tile etc. you needed to do it at one time, because it would cost $250. Many of us think or know that is because they have so many closings and so many houses under contract that they cannot have people changing their minds and messing up the system. You aren't in Kansas anymore Dorothy. This is The Villages and they do it their way. You have a choice you know. So if you horse around and cannot get a mortgage on their schedule you will be fined.
You can buy elsewhere and not have to deal with these rules.