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Re: Blue Vista Capital LLC (by KC):

royinec wrote:

Thanks for the info. No fee's of any kind. They have offered to reimburse for the condo fee'e of 2011, pay upcoming taxes and close by 11/30/11. They have gotten my name from the Neptune as they have bought other home owners deeds. If this does happen as they say, I'll consider myself lucky.

In just a quick, cursory look at the official records on the Lee County site (http://www.leecounty.org) I see about a dozen other recorded Neptune acquisitions by this particular entity, so my initial theory about "new players" appears to be correct, at least at first glance.

You might want to consider having an attorney represent your interests in this matter --- and be sure to get everything in writing, under authorized signature, from someone who is a principal in this company. Mere form letters from who-knows-who are insufficient. That whole project was such a debacle right from the start that there could still be some underlying legal issues or liens which might not be readily apparent. It might be worth the few hundred dollars involved to get an attorney to "have your back" here.

*IF* this "buyout" offer is legitimate and you can get 50% of your purchase price back, if I was in your shoes I'd almost certainly take that money and RUN. That whole project is just an ongoing debacle and, in this economy, there is no financial "turnaround" likely anytime in the foreseeable future. The list of investor failures (...apparently now approaching the third bunch thereof) associated with that project could potentiallty go on and on for a very long time. In addition, there will likely be a big "squeeze" on those owners who choose to remain "in"; experiencing higher and higher maintenance fees and probably some unwelcome, hefty special assessments too. Even with all that, the entire fiasco could STILL go under. IF you can get out now, recovering 50% of what you paid, I'd recommend obtaining legal counsel and move quickly and decisively to GET OUT!

Just my personal opinion...