If you are looking at re-sale homes in The Villages for a possible purchase this year, chances are good that you may run into a home being sold as a short sale.
This simply means that the asking price is less than the amount owed on the mortgage.
While this is not as common in The Villages as it is in other Florida retirement communities because many Villagers pay cash or only get small mortgages, it does happen in some cases.
On my other website, Florida for Boomers, I just published an in-depth article that you will want to read if you are in or think you may encounter this type of situation. The kicker is that what I have to tell you in this article is all from personal experience as I am in the middle of a short sale transaction myself at the time of this writing.
Continue to read Anatomy of a Short Sale: A Guide for Buyers
Recently widowed. Originally from Ft. Lauderdale but gone for 35 years. Still make two trips a year there. Have always loved the city lifestyle. Thinking of leaving Colorado for Florida. Never see any stats on how individuals fit into these retirement communities. Currently have lived in the country ( not city) for over 20 years in a single dwelling.
Would buy the book on the Villages, but not if it lacks info on individual living vs. couples.
Thanks.
Isabel – I wouldn’t say the book focuses on either singles or couples. It’s more about the process of exploring and eventually making a purchase than it is about the social aspect after you move there. That said, there are several singles clubs and its tough to not make friends quickly. Thanks for writing in.
Ryan