The latest news
This is he latest news I have received from JOE rep. Anne Winicki on buildouts. This is probably a qualified modification in accordance with the Statutes of Frauds to the Memo's of Agreement.
Hi John,
In WaterSound Beach, all lots currently with a 2008, 2009 or 2010 construction start date are now extended until 3/1/2011.
In WaterColor, all lots with an 08, 09 or 2010 construction date are now extended until the same month but 2011. So, if the current date is 6/2009 it is now 6/2011.
Hopefully, this will help those up against the time crunch some breathing room. It will also allow those who would like to eventually build in a year so the opportunity.
If you have any further questions just let me know. Have a great weekend.
Thanks,
Anne