Update
 

I did hear back from our agent and was informed that the $7500 deposit on our lot could be transfered to another lot or a Spec Home with no problem.

Also did more research on the event and received assurances re: stability of our lot to build on as well as additional information about the fact that the area that had the problem had drainage pipes leading to the retention pond which may have failed and contributed to the problem.

The area was repaired and I have determined that it will not be a problem having our home/lot insured.

We have till the end of August when we have our designer appt to decide to build on the current waterfront lot or elsewhere. At this point we are leaning towards staying with our lot.

Thanks to all for comments and feedback.

Well that's wonderful news. How very reassuring to learn that your have choices if so desired and that it is not a major issue, as I assume you first thought it could be. :beer3: Wishing you the best.

Betty

That's great news!!! Having a choice will certainly relieve pressure. The fact that this problem, whatever caused it has been apparently remediated is important, since the risk of this type of event is throughout the Villages and could occur on any lot you might choose.

I'm one of your potential new neighbors across the road on Fenwick and wish you the best of luck in your decision and the subsequent building process.

Vic

Congratulations on getting clarification of this situation. I'm not surprised that the Developer is cooperative. I've yet to see anyone being treated unfairly by the Powers That Be.