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In 1983, Morse moved to Florida to take over his father's business selling vacant lots to mobile home owners. Morse instead decided to build homes, restaurants, pools, and golf courses, and by 1986, Morse was selling more than 500 homes per year. In 2011, the Holding Company of the Villages Ltd. generated at least $550 million in revenue.
The community is the center of The Villages metropolitan area, which consists of all of Sumter County and is included in the Orlando–Lakeland–Deltona combined statistical area; and Marion County is included in the Ocala, Florida Metropolitan Statistical Area. According to May 2023 Census Bureau data, between July 1, 2021, and July 1, 2022 ...
Harold Schwartz (March 13, 1910 – December 22, 2003) was an American businessman and real estate developer who along with his son, H. Gary Morse, founded the active adult retirement community The Villages, Florida.
Condo owners unable to pay an assessment can be foreclosed on by their condo association. She considered selling, but the assessment was driving down property values in the building.
'I needed to return to work': Florida condo owners face unretiring or selling their homes after being hit with a striking $100,000 in special assessment fees Bethan Moorcraft July 23, 2024 at 4:20 AM
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Some owners, like Ivan Rodriguez, who liquidated his 401(k) retirement account to buy a unit for $190,000 in 2019, can’t afford the extra fees, so they’re putting up their condos for sale instead.
A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents. [1]