Developer has residents outraged over maintenance fee jump

(FL) Developer and builder John Zacco, Thoroughbred Homes, raised development's HOA fees from $25 mo. to $250 mo. per household. Homeowners say he raised fees to cover his legal costs for problems he himself created, (e.g. shoddy work, suing his customers, not being properly licensed, unenforceable sales contracts). The developer could foreclose on the homes regardless of paid up status of homeowner's mortgages.

----------------
Aug. 29, 2010

EXCERPT

Two judges, ruling in separate Hardwood Trails cases, declared Zacco to be an unlicensed contractor...The judges also found that the sales contracts for the homes were unenforceable. Residents who believed they were free, however, were soon disappointed. ...

Full article: http://www.ocala.com/article/20100829/ARTICLES/100829688/1402/NEWS?Title...

(Articles generally posted on day of publication unless otherwise noted.)