D. R. Horton appeals $9.6M awarded to FL condominium, Las Vegas HOA loses neighborhood park

By Deborah Goonan, Independent American Communities Heron’s Landing D.R. Horton landmark lawsuit In May of 2016, D.R. Horton was ordered to pay more than $9 million to Heron’s Landing, to repair multiple construction defects in the 240-unit condo association. $9.6M awarded to Jacksonville condo owners As expected, D. R. Horton has appealed, and condo owners have not received a penny. Therefore, most of the leaky roofs and cracked stucco have not been repaired. Homeowners of Continue ReadingD. R. Horton appeals $9.6M awarded to FL condominium, Las Vegas HOA loses neighborhood park

Majorca Isles settles for $11M from D.R. Horton

Settlement follows October 2016 judgment for $16.3 By Deborah Goonan, Independent American Communities   According to the lawsuit that concluded in October 2016, Majorca Isles was approved as low to moderate income housing (up to 681 units) organized as individual condo associations with an umbrella Master Homeowners Association. Most of the mortgages were FHA insured. Construction began in 2006, but ended in 2009 when only half of the units had been completed by DR Horton. Continue ReadingMajorca Isles settles for $11M from D.R. Horton

Judge calls DR Horton “greedy corporate giant” in HOA lawsuit

By Deborah Goonan, Independent American Communities Yesterday I shared the news of Millennium Tower, a luxury condo tower in San Francisco that is rapidly sinking into the ground, and the subject of several lawsuits. Units in Millennium Tower sold for at least a half million dollars, with penthouse units selling in the millions, but now they are essentially worthless. Today I feature Majorca Isles Master Association in Florida – a planned townhouse community developed by Continue ReadingJudge calls DR Horton “greedy corporate giant” in HOA lawsuit

$9.6M awarded to Jacksonville condo owners

By Deborah Goonan, Independent American Communities On the heels of yesterday’s blog, Condos: Affordability or quality construction. You can’t have both comes a report of a Landmark construction defect lawsuit in Jacsksonville, Florida.   DR Horton negligent in Jax condo case, jury awards $9.6 million (First Coast News Video and transcript) Highlights: Heron’s Landing property manager Karen Floyd celebrated the verdict. “There are so many developer/builders that build these complexes, walk away from it, and don’t Continue Reading$9.6M awarded to Jacksonville condo owners