BONITA SPRINGS, Fla. - Tens of thousands of dollars are invested into a country club, and now hundreds of members are left wondering if their money is gone.
Palmira Golf and Country Club is closed - all because of the developer's financial problems.
Could the same thing happen to you?
We wanted to find out if there's anyway you can be sure it doesn't.
"Nowadays, you have to protect your investment. I mean some people over there paid $100,000 for golf memberships and where did that go? Its all gone now," Bill Ames says of his friends over at Palmira Country club.
Ames lives at Worthington Country Club. He says he feels secure there.
"We own the place. We're not worried at all," Ames says.
He tells us before he moved in, he checked out the club's finances and found they were debt free.
He says others should take the same precautions.
But real estate agents we talked to say that might not matter.
While they encourage you to ask every question you can when thinking about purchasing a home or country club membership, they warn there are no guarantees you will get a straight answer or all of the information you need.
Palmira residents agree.
"I don't think there was anything you could do... And I don't think anyone knew," Robert Richter says.
Despite the current situation at Palmira, Richter says he and others there are staying positive.
"We're going to come out of it and we'll be fine," he says.
Palmira members say they're confident the club will bounce back, and they plan to be a big part of it.
They've already scheduled a meeting to see what they can do for Friday night at six.