Discussion in 'The DIS Unplugged Podcast' started by WebmasterLeah, Jun 18, 2011.
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Really, really, really must win lottery.
For the HOA and non-HOA dues alone!!!
There are a number of interesting points in the Non-Residential Association guidelines including rules on resale profits. If a resale occurs before the completion of the home, the Golden Oak Non-Residential Association will receive 75% of the resale profit. If construction has begun and not completed and then the resale occurs within two years following completion, the homeowner owes 50% of the profits to the association. And finally, if construction of the home was already completed at the time of the initial purchase from the developer or the builder, and a resale occurs within two years of the initial purchase, then the homeowner owes 50% of the profits to the association.
^ That's absolutely *outrageous*.
Does that mean that the association owes you if take a loss?
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