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Northeastern Pennsylvania Scranton, Wilkes-Barre, Pocono area
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Old 08-17-2008, 09:59 PM
 
Location: Jefferson Twp PA
24 posts, read 70,076 times
Reputation: 19

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We've all heard this story and I never thought it would happen to me. We began the purchase of a home under construction back on 7/2/08 and we put the required down payment on the house to the builder and signed an agreement of sale. We were supposed to close on 8/22/08 and the house was supposed to be finished about then but now we find out from the builder that they are no longer in business. The bank is now in charge and I've spoken to them and I don't enjoy this. This is a Materials company out of Syracuse NY and I'm told that my money doesn't exist. They don't call back and I'm sure at this point that no one cares about us. I liked Hometown Builders and never thought they’d do this to us but I no longer sleep and our family is really suffering.

Forget about me and my wife but what about the 8 year old we promised a house and a pool to. I just don't understand why we have to be the ones to loose when this is our life’s savings and with having to rent 3 storage garages, enroll our son in North Pocono school district. This is awful what these people are able to do.

Anyone that can offer advice please do so because we need all the help we can get.

Thanks,

John
allstate@echoes.net
Attached Thumbnails
Hometown Builder goes out of business, help!-ourhouse.jpg  

Last edited by Retired Law 08; 08-26-2008 at 10:32 PM.. Reason: No names please....
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Old 08-18-2008, 05:04 AM
 
3,756 posts, read 9,555,281 times
Reputation: 1088
ASAP, get in touch with the PA Attorney General or a competent attorney to find out what you recourse is. Best of luck.
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Old 08-18-2008, 05:34 AM
 
Location: Pocono Mts.
9,480 posts, read 12,115,981 times
Reputation: 11462
Besides the issues on the outside of the home that I can see need to be finished, what still needs to be completed inside? How much of your home is actually complete? How much of your money has been taken w/o finishing the job?

Highhat is right - get to the AG right away...
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Old 08-18-2008, 06:04 AM
 
Location: Sunshine N'Blue Skies
13,321 posts, read 22,667,671 times
Reputation: 11696
So it sounds like this home was already under construction when you put money down on it. Since you did this in July and the home would be ready in Aug.
Yes, you need a good lawyer. These builders must have known they were going under and still took your funds.
I just hate when I hear these horror stories. A few crop up here and there in PA.....
So many have lost money. Its just a sad, sad, thing.
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Old 08-18-2008, 06:49 AM
 
Location: Pocono Mts.
9,480 posts, read 12,115,981 times
Reputation: 11462
I just went to their website. It tells consumers nothing about going out of business.
I have lived in the Pocono's my whole life, and I have never heard of this builder.
I agree with Summering....they entered into a contract with you knowing their business was going to close. John Molnar in Wind Gap is a very good real estate lawyer, and you sure need some back up.
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Old 08-18-2008, 07:11 AM
 
Location: NEPA
26 posts, read 101,363 times
Reputation: 20
This is absolutely disgusting and I feel for your family. I don't know how these companies can take money knowing they are in a financial mess. Hometown Builders have been around for a while. This is a surprise. Best of luck and my sympathy.
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Old 08-18-2008, 07:48 AM
 
Location: Greentown, PA
193 posts, read 542,712 times
Reputation: 97
Quote:
Originally Posted by poconoproud View Post
I just went to their website. It tells consumers nothing about going out of business.
I have lived in the Pocono's my whole life, and I have never heard of this builder.
I agree with Summering....they entered into a contract with you knowing their business was going to close. John Molnar in Wind Gap is a very good real estate lawyer, and you sure need some back up.

I can not believe that there website doesn't say anything about going out of business, Which means people can be going to there website looking for a nice home and not even knowing the real story! That pisses me off
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Old 08-18-2008, 08:04 AM
 
Location: Pocono Mts.
9,480 posts, read 12,115,981 times
Reputation: 11462
I have also heard that Matzel Developers & builders near LTS in Marshal's Creek has closed it's doors. Matzel is the developer that bought up all of defunct Eagle Valley Homes properties, after their fraud scandal. A friend of a friend who worked for Matzel went to work to find the building closed for good, and was informed the company went out of business - anyone know anything about that?

Last edited by poconoproud; 08-18-2008 at 08:20 AM..
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Old 08-18-2008, 09:43 AM
 
Location: Pocono Mts.
9,480 posts, read 12,115,981 times
Reputation: 11462
Quote:
Originally Posted by littlebunnie69 View Post
I can not believe that there website doesn't say anything about going out of business, Which means people can be going to there website looking for a nice home and not even knowing the real story! That pisses me off
That's ok...posts like the original posters will get seen. When you google Hometown Builders now that he has posted his complaint at city-data, you will see his complaint on the first page of the search results ~ try it, it's the fourth one down. That is a good thing about city-data, they market this site very well. Even if people know nothing about city-data, if they were to google this business now, the real story will be known, and city-data will in all probability have itself another loyal poster.
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Old 08-18-2008, 12:29 PM
 
Location: Greentown, PA
193 posts, read 542,712 times
Reputation: 97
Quote:
Originally Posted by poconoproud View Post
That's ok...posts like the original posters will get seen. When you google Hometown Builders now that he has posted his complaint at city-data, you will see his complaint on the first page of the search results ~ try it, it's the fourth one down. That is a good thing about city-data, they market this site very well. Even if people know nothing about city-data, if they were to google this business now, the real story will be known, and city-data will in all probability have itself another loyal poster.

Thank god!
Scary to think that somebody out there might still be getting scammed!
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