Wednesday, September 15, 2010

Island One Resorts files Chpt. 11 Bankruptcy

Any owners out there who own at Island One? They just filed bankruptcy two days ago in Orlando. To settle nerves from the start, do not be too terribly alarmed. you own a deed and the HOA will have to continue to support the owners. It is the company that went broke, which typically refers to the developer, the sales and marketing teams, etc.
Educate yourself!

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