Wednesday, November 14, 2007

Bankrupt

The bankruptcy of Levitt and Sons is screwing people.

The move leaves some residents of Seasons at Prince Creek West, a community for people ages 55 and older, wondering whether they will get the amenities and services they paid for.

"We're in a community that looks like a ghost town almost, as far as things not being finished," said Donna Jones, who lives in Seasons with her husband in a home that she bought in July.

...

It left many plots in Seasons at Prince Creek vacant or in mid-construction, and residents worry that plans to build 460 houses and a 27,000 square-foot clubhouse won't materialize.

Only 80 homes have been finished and another 100 or so are in various stages of construction, said resident Nancy Darr.

...

Residents also have been told that security in the development would be scaled back and that their home warranties aren't any good.

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On top of that, contractors and subcontractors have filed liens against Levitt and Sons and against individual homeowners in efforts to get payment for work they did at Seasons.