RECENT BLOG POSTS
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While researching the interest rate on the debt portion of my CDD, I uncovered an interesting fact. Paying off your CDD balance does NOT completely get rid of the bill. It will eliminate your debt portion but not the O & M (operating and maintenance) portion of the bill. In my bill this amount ...
08/10/2006
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The lack of any amenities at new communities has been a consistent sore point for me on two fronts. It is bad for the client and ...it's bad for business. Let me explain.A reasonable person would not expect that the clubhouse stand ready to open the day the first homeowners get their keys. They...
08/05/2006
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The Scenario: A new community starts up and produced a slick brochure touting the brand new wonderful amenity package complete with clubhouse, pool, fitness room and perhaps even a golf course. A buyer happily plunks down a sizable initial investment for the property, closes and moves in. Our bu...
08/05/2006
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I live within a development that is a Community Development District (CDD). In Florida the CDD is amortized over a number of years (similar to a sewer assessment). The CDD appears on the annual real estate bill from my county. The amount shown was about $600 as a separate line item.After conta...
08/04/2006