Erica Muller

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"Hi Comcast? This is the The Villages at Legacy Park HOA and um, we just wanted to know why you shut off the cable to the entire community?"

How would you like to owe your cable company $105,305? That's how much the Legacy Park Town homes Homeowners Association owed to Comcast for an unpaid cable bill before they filed chapter 11 on June 16. Back in the boom the developers had to use whatever advantage they could to try and compete with other communities selling short term rental properties in the Davenport area and including cable as part of the HOA seemed like a good sales pitch at the time. Fast forward to the dreary days of the foreclosure epidemic and now what we have is alot of people with no cable and a broke HOA. Read Full Article Here

Legacy Park Bank Owned Properties For Sale

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WFTV just broke the story on the latest Davenport community, La Cresta a 55+ active adult community, to be abandoned by its builder. "A homeowner called Eyewitness News after he bought a house in what was promised to be a sprawling retirement community in Davenport, but it turned into nothing but a ghost town."

No sooner than residents could say "I worked my whole life to finally retire and now I'm stuck in a ghost town with no pool, half-built homes and vacant lots" did Del Webb show up and peel the signs off all the buildings, lock the doors to the sales office and board up the windows.

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According to their official statement that they issued on July 10, 2009 they said, "The decision was a direct result of the Company being unable to resolve the claims of a breach of contract, among others, against JL Land entities, with whom Pulte contracted to purchase developed lots, and the Estate of Joe Lewo." For as long as Del Webb knew about these on going issues they continued to sell homes to prospective homeowners without even so much as a "heads up" on the situation. Quality.

This is starting to sound familiar. . . Bimini Bay, Bella Colina, Notting Hill. So many communities are getting left high and dry by the builders due to financial problems. The homeowners are getting stuck owning properties in what they thought was going to be a resort paradise and turns out to be nothing more than a pile of bricks with a fancy entrance and angry neighbors. What's really sad is that homeowners can't even sell their home because who wants to purchase in a unfinished community? Even if they are lucky enough to find buyer for it they most certainly will not be able to get the price they paid to the builder, therefore losing more money.

Del Webb is a subsidiary company of Pulte Homes, a large home builder in the United States. This makes me wonder if other Del-Webb communities, like Bella Trae in Champions Gate, could potentially be in danger of a situation like this occurring. My advice to any prospective home buyer who wants to buy new is to stick with the communities that are already finished and are trying to unload their final inventory (completed) homes. You still get all the benefits of buying new like the home warranty and that "never been lived in, fresh paint smell" but you get the security of knowing that all the amenities have been completed so even if the builder went bankrupt tomorrow you're not stuck owning in a ghost town with unfinished homes and amenities.

In closing to this not so shocking news, at least Pulte has noted in their statement that " Pulte remains committed to honoring any customer service or warranty related needs under the Pulte Protection Plan." How nice of them. Maybe we should send them a bottle of wine for their kindness.

A Pink Flamingo vacation home testimonial. This lovely Canadian couple recently closed on their bank owned vacation home in Sandy Ridge. They had the entire house furnished and put under management within in days of closing. The property is already booked out for the summer and they are as happy as can be. If you are interested in renting this Sandy Ridge beauty for a holiday visit to Orlando you can visit their site at: www.orlandohouse.me

Sandy Ridge Bank Owned Properties For Sale in Davenport, FL

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When thinking about investing in a vacation home in Kissimmee close to Disney World one of the most important factors to consider, if you want to offset your expense as much as possible, is which neighborhoods generate the most income. As a vacation home specialist my recommendation to you is to work backwards. Don't be like so many Orlando vacation home buyers that just jump into this process, pick random houses to view and then worry about the revenue later. Start backwards to achieve the income goals you desire. The first backward step is to compile a list of Kissimmee neighborhoods in your price range that earn top dollar on bookings and have a stable booking history and start focusing on those communities. There are really two main ways to obtain a list like this. The first is the easiest and that would be to hook up with a qualified, vacation home specialist Realtor who works the Kissimmmee/Davenport market and monitors this activity. The second would be to shop vacation home management companies and ask them for booking records but management companies are not so keen on divulging their property information to potential owners as this information often contradicts what they quote you in terms of rates. Lets take a look at average revenue in five of Kissimmee's most popular vacation villa neighborhoods.

All information compiled is based on a standard single family 4 bedroom pool home.

Windsor Palms

Location To Disney: 3.5 Miles
Average Nightly Rate Low Season: $145
Average Nightly Rate High Season: $173
Average Weekly Rate Low Season: $931
Average Weekly Rate High Season: $1193
Windsor Palms Homes For Sale

Lindfields

Location To Disney: 4.4 Miles
Average Nightly Rate Low Season: $115
Average Nightly Rate High Season: $133
Average Weekly Rate Low Season: $763
Average Weekly Rate High Season: $911
Lindfields Homes For Sale

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So many buyers are instantly drawn to the prices in the Bimini Bay townhouse community which is located in Davenport, FL. They see the beautiful townhouses online and most wonder why they are so cheap! You know how the saying goes: If it seems too good to be true it probably is and this couldn't hold more true for Bimini Bay in Davenport.

The Bimini Bay community was supposed to be a resort community that would stack up with the likes of resort neighborhoods like Regal Palms and Bahama Bay. It was supposed to have a water park, day spa, gym facilities and many other cool toys but when the market turned many buyers started backing out of their contracts and just not buying all together, this brought construction to a very quick halt!

Bimini Bay Bank Townhouses For Sale

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