CCFJ.NET: CEVA HOA takes on new role: home owner
Article Courtesy of Your Observer
By Pam Eubanks
Published July 27, 2015
LAKEWOOD RANCH — Looking at the cream-colored home on Sandhills Place, it’s hard to notice any difference between it and its neighbors in the Lakewood Ranch Golf and Country Club — aside from some missing mulch in the front flower beds and faded paint in a few not-too-obvious places.
|But it is different: It’s the first home now owned, at least temporarily, by the community’s homeowners association, the Country Club/Edgewater Village Association.
“It’s the first house we’ve taken title to,” CEVA President Steve Peters said, noting the property had already been abandoned by its previous owners. “We knew this house was vacant, and there was no other recourse for us.”
CEVA began the foreclosure in December 2014; an online auction for the property in May yielded no bidders. So CEVA purchased the property for $500, court records show. Read more: