Builders on the Bubble
Here are 7 builder homes, currently for sale, that are now subject to paying full dues. The 2 year anniversary of their agreements has come and gone and they still have not sold the homes. The question is..."ARE THEY PAYING FULL DUES"? How about it POA & Club? Please provide Club members with an accounting of the Bogus Builder Program, which they unknowingly subsidize to the tune of approximately $500,000 per year. Don't forget to include those homes which have been taken back by lenders or are in some other distress situation.
Here is a sample of the typical builder agreement. Items D & E show the requirement for full payment of dues after a two year period.