Home Buying in Palm Springs>Question Details

Margaret Car…, Home Buyer in Liverpool UK

Seven Lakes CC - Palm Springs

Asked by Margaret Carney, Liverpool UK Sun Mar 1, 2009

I am interested in property on Seven Lakes CC but notice that there is lease buy out happening shortly. Can anyone tell me what this is please? Also the HOA fees, what do these pay for at Seven Lakes?

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1
Hi Margaret,

The land is currently owned by the Agua Caliente Indian tribe and is leased to the homeowner for a monthly fee. The HOA and the Indian Tribe have agreed that the homeowners will be offered to buy the land rather than renegotiate the lease. This process has been enacted and in the near future the land will move from "leased land" to "fee simple land" (the highest form of land ownership).

The HOA's cover the following;

Assoc Barbecue, Assoc Club Hse/Rec, Assoc Earthquake Ins (Included in HOA fees), Homeowners Assoc, Assoc Ins. Paid, Assoc Maint/Lndscp'g, Assoc Pool, Assoc Sauna, Assoc Spa, Assoc Tennis, Assoc Trash Paid, Assoc Util Pd-Call (Cable TV included in HOA)

Please feel free to call me for a more detailed explanation of the land lease/buy out.
Best,
Lisa Casey 760.641.8772
0 votes Thank Flag Link Sun Mar 1, 2009
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