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Updated over 9 years ago,

User Stats

140
Posts
58
Votes
Kurt Traynor
  • Investor
  • Moseley, VA
58
Votes |
140
Posts

CDD on tax records, to buy or not to buy?

Kurt Traynor
  • Investor
  • Moseley, VA
Posted

Situation.   There is a beautiful, well originally going to be, neighborhood that was built out and has model homes built in a community.   His community went bankrupt and there's a lot for sale in the community.  If/when somebody buys the community I'm thinking this lot may become desirable to a builder?   I looked on the tax records and it shows about $500 CDD fee for the original owners of the association.

My question is, if they went bankrupt am I obligated to pay this fee?  or any recommendations on steps to take?   I called the county tax office and they couldn't help me..

Tia