new blog: Golden Oak: A Community Grows at Disney

[LeahZ]

http://www.disunplugged.com/2011/06/18/golden-oak-a-community-grows-at-disney/#more-24982

 

[OKW Lover]

Really, really, really must win lottery.

 

[k5jm]

Really, really, really must win lottery.

For the HOA and non-HOA dues alone!!!

 

[Joshua_me]

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*.

 

[k5jm]

Does that mean that the association owes you if take a loss?