Re: Real Estate Prices with excess supply
Thanks, my concerns with developments are-- if amenities are built and not all the property is sold who covers the remaining assessments on unsold property and can they be reallocated to existing home owners under any circumstance? Are there any circumstances that additional assessments can be levied? If the property developer is on the hook what happens if he walks away? Does anyone know what the total debt of the development is verses the current assessed value of the property?? -- The Villages is a nice place but you should always know what you are buying.
|