[graciegirl]

This is copied and pasted from the online news.


The Villages will strengthen efforts to reduce the number of distressed properties by short-cutting the foreclosure process.
Foreclosures on those properties will be sought earlier based on unpaid amenity fees and maintenance costs under an administrative policy approved Wednesday by the Village Center Community Development District. The policy was approved without discussion.
David Miles, district finance director, said the action is possible under deed restrictions already in place.

[rubicon]

I have always suspected there are/were a number of potential buyers who did not have the means to buy here. I had hoped with the demand for 20% down and other underwriting by banks, etc that it would have eliminated most of the unqualified. Let's hope the underwriting process here is not mimicking the rest of the country which is returning to granting loans to people who are not really qualified buyers?

[golfing eagles]

Originally Posted by rubicon

I have always suspected there are/were a number of potential buyers who did not have the means to buy here. I had hoped with the demand for 20% down and other underwriting by banks, etc that it would have eliminated most of the unqualified. Let's hope the underwriting process here is not mimicking the rest of the country which is returning to granting loans to people who are not really qualified buyers?

Perhaps we could help out some of these marginal owners by expanding employment in TV. here's a list of potential jobs:

1) save seats for others until the entertainment starts
2) paint stripes on MMPs
3) scare away coyotes and bobcats
4) remove unwanted dog "poop"
5) guard trees from illegal cutting
6) patrol for garden gnomes
7) radar clock anyone driving a golf cart at 20.1 mph
8) challenge anyone with a handicap permit that doesn't appear handicapped
9) keep line dancers in check
10) please feel free to add to the list

:1 rotfl:

[kittygilchrist]

Originally Posted by golfing eagles

Perhaps we could help out some of these marginal owners by expanding employment in TV. here's a list of potential jobs:

1) save seats for others until the entertainment starts
2) paint stripes on MMPs
3) scare away coyotes and bobcats
4) remove unwanted dog "poop"
5) guard trees from illegal cutting
6) patrol for garden gnomes
7) radar clock anyone driving a golf cart at 20.1 mph
8) challenge anyone with a handicap permit that doesn't appear handicapped
9) keep line dancers in check
10) please feel free to add to the list

:1 rotfl:

Raffle tickets for you to actually Roll on the floor and laugh.

[Topspinmo]

Actually few hundred pretty low percentage IMO.

Lots of resale for sale also, some nice places stay on the market over year. Build out hype IMO pushes uniformed buyers to new sales. Lots of snowbirds just let their property go in the summer in CYVs from my observation? Not all milk and honey, except for me!

[Topspinmo]

Originally Posted by golfing eagles

Perhaps we could help out some of these marginal owners by expanding employment in TV. here's a list of potential jobs:

1) save seats for others until the entertainment starts
2) paint stripes on MMPs
3) scare away coyotes and bobcats
4) remove unwanted dog "poop"
5) guard trees from illegal cutting
6) patrol for garden gnomes
7) radar clock anyone driving a golf cart at 20.1 mph
8) challenge anyone with a handicap permit that doesn't appear handicapped
9) keep line dancers in check
10) please feel free to add to the list

:1 rotfl:

You forgot stop sign monitors!

[golfing eagles]

Originally Posted by kittygilchrist

Raffle tickets for you to actually Roll on the floor and laugh.

How much for a book of 10?

[kittygilchrist]

Originally Posted by golfing eagles

How much for a book of 10?

Home visit, private party, or at a square?

[golfing eagles]

Originally Posted by kittygilchrist

Home visit, private party, or at a square?

Has to be a private party. I'd probably get trampled at the squares by line dancers, and a home visit might draw the garden gnome policewoman

[Dr Winston O Boogie jr]

Originally Posted by rubicon

I have always suspected there are/were a number of potential buyers who did not have the means to buy here. I had hoped with the demand for 20% down and other underwriting by banks, etc that it would have eliminated most of the unqualified. Let's hope the underwriting process here is not mimicking the rest of the country which is returning to granting loans to people who are not really qualified buyers?

I think that most of these homes have been abandoned and many are the result of the owners passing away. Often the heirs cannot be found or the liens on the homes are so high that the heirs want nothing to do with them. I don't know if banks giving loans to unqualified people is a big part of the problem here.

I know of one instance where the owner came down with Alzheimers and had to be institutionalized.

It takes 3-4 years for a bank to foreclose and many of these homes have no mortgage.

It takes even longer for the government to foreclose for unpaid taxes.

The Villages has found that it takes less time to foreclose for unpaid amenity and utility fees so they're going that route.

[cmj1210]

Originally Posted by golfing eagles

Perhaps we could help out some of these marginal owners by expanding employment in TV. here's a list of potential jobs:



1) save seats for others until the entertainment starts

2) paint stripes on MMPs

3) scare away coyotes and bobcats

4) remove unwanted dog "poop"

5) guard trees from illegal cutting

6) patrol for garden gnomes

7) radar clock anyone driving a golf cart at 20.1 mph

8) challenge anyone with a handicap permit that doesn't appear handicapped

9) keep line dancers in check

10) please feel free to add to the list



:1 rotfl:

[emoji106]

[outlaw]

Originally Posted by Dr Winston O Boogie jr

I think that most of these homes have been abandoned and many are the result of the owners passing away. Often the heirs cannot be found or the liens on the homes are so high that the heirs want nothing to do with them. I don't know if banks giving loans to unqualified people is a big part of the problem here.

I know of one instance where the owner came down with Alzheimers and had to be institutionalized.

It takes 3-4 years for a bank to foreclose and many of these homes have no mortgage.

It takes even longer for the government to foreclose for unpaid taxes.

The Villages has found that it takes less time to foreclose for unpaid amenity and utility fees so they're going that route.

Agree. Probably most of these properties are due to the owners dying or being put in a care facility. The heirs can't/won't pick up the property maintenance and debt, so the house eventually goes into foreclosure. That's what happens in a retirement development. Lots of old people with maybe 15 or 20 years left.

[chuckinca]

Originally Posted by outlaw

Agree. Probably most of these properties are due to the owners dying or being put in a care facility. The heirs can't/won't pick up the property maintenance and debt, so the house eventually goes into foreclosure. That's what happens in a retirement development. Lots of old people with maybe 15 or 20 years left.

And also lots of oldsters with maybe 0 to 3 years left.


.

[golfing eagles]

Originally Posted by chuckinca

And also lots of oldsters with maybe 0 to 3 years left.


.

Now there's a cheery thought to start the day.

[tomwed]

Originally Posted by golfing eagles

Perhaps we could help out some of these marginal owners by expanding employment in TV. here's a list of potential jobs:

1) save seats for others until the entertainment starts
2) paint stripes on MMPs
3) scare away coyotes and bobcats
4) remove unwanted dog "poop"
5) guard trees from illegal cutting
6) patrol for garden gnomes
7) radar clock anyone driving a golf cart at 20.1 mph
8) challenge anyone with a handicap permit that doesn't appear handicapped
9) keep line dancers in check
10) please feel free to add to the list

:1 rotfl:

Lewd and Lascivious Behavior Patrol
As an officer you will be on the lookout for loofas, square "dancing", utility box "dancing", golf cart streakers and swim trunk droppers.