Good luck trying to sell a lot in Lone Oak. We have not been able to find anyone to list our lot which is in a good lake view location with electric and water (so they say). I understand the 2 homes are listed, and one lot in Rocky Ford sold in 2011 for $18,000. Other than that, nothing moves.... more
Normally, I would agree completely with the answers below; however, if you are specifically talking about the Villages of Lone Oak (VLO) in Lone Oak, TX, then the question is a little more complicated. If you are not talking about the VLO, then stop reading.
Developer Finance Corporation (DFC) just foreclosed on the unsold lots at VLO held by 3D Resorts. It is unclear at the moment if 3D Resorts has been or will continue maintenance of the property. I have yet to receive a HOA bill this year. If I receive one, then I will definitely be making some phone calls trying to find out who is running the HOA.
You can keep up with the happenings at VLO here: http://www.trulia.com/voices/Home_Selling/I_own_a_lot_in_the_Villages_at_Lone_Oak_Texas_g-34624#
Hopefully this helps, even though it doesn't answer your question.