May 26, 2009

Foreclosure Notices on Some Undeveloped lots

As a few have pointed out, foreclosure notice signs appeared today on some of the former developer, CPDC's (Homer Tompkins) lots.  Neither the Master Board nor the Single Family Village Association Board was aware of this prior to seeing the signs go up.  It was my understanding that Alliance Bank controlled CPDC's few remaining lots.
It's always been my understanding that anyone who buys those lots are subject to the same covenants, restrictions, rules, etc. as the rest of the property owners in the SFV... regardless of whether they're in foreclosure or not. Any new building would be reviewed by the ARC, etc...
This may be something that residents wish to discuss at tomorrow night's meeting.