Legal Question in Real Estate Law in Nevada

Golf Communities

I plan to buy a house in a golf community. I have a question that brokers cannot answer.

What happens to home owners in a community if an owner of a golf course go bankrupt. Do they have a chance to be forced to make additional payments?


Asked on 6/03/08, 2:54 am

1 Answer from Attorneys
Jeffrey Cogan Jeffrey A. Cogan, Esq., Ltd.

Re: Golf Communities

Depends on what happens. In a Chapter 11, they have to continue to provide services to force you to pay. You would need to get a Court Order to ensure this. They could however, reject the contract and you wouldn't have to pay but get no rights to the golf course.

That would also happen in a Chapter 7. A new company would buy the course in bankruptcy and it would be up to the owners to work out a new deal.

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Answered on 6/03/08, 10:23 am


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