DISCLOSURE - HUD HECM (Home Equity Conversion Loan (reverse mortgage situation) - loan with max principle owed $337,500 that matures in 2081. HECM lenders are required to offer option of satisfying reverse mortgage by paying 95% of appraised present value. No active pleadings so the only costs are the HOA fees currently. - Buyer is paying $47K for the future option to pay 95% of the appraised value to HUD in the future. Not now as there is No pending action and HUD paying property taxes currently as well. This is a HUD HECM Law to protect homeowner on title. . Must owner occupy for the first two years - no rentals allowed for the first two years so this is an owner occupancy building until then. Cross Fox is in great location, The landings which is close to beach and proximity to
Listing provided courtesy of of Blue Lighthouse Realty, INC. Last updated 2025-07-03 14:17:14.000000. Listing information © 2024 .