FLORIDA – D.R. Horton Left Defects, Cash-Strapped Miami-Dade Association Lawsuit Says.

Daily Business Review: D.R. Horton Left Defects, Cash-Strapped Miami-Dade Association Lawsuit Says.

The Mandarin Lakes community claims it is more than $1.8 million in debt because of D.R. Horton failures on assessment collections and utility arrears
By Lidia Dinkova
December 7, 2018
Home construction giant D.R. Horton Inc. is accused in a lawsuit of failing to pay its association dues, enforce collections and report the deficit to residents of one of its Miami-Dade County communities.
The complaint alleged the homebuilder wanted to avoid liens and foreclosures that would reduce prices and hurt company profits.
The Arlington, Texas-based company built Mandarin Lakes with 875 single-family homes and townhouses along Southwest 140th Avenue between Florida’s Turnpike and U.S. Highway 1 near Homestead.
D.R. Horton managed the community by appointing employees to the homeowner association board from 2004 to 2014, according to the Nov. 30 complaint filed in Miami-Dade Circuit Court.
The developer retained control because it hadn’t sold 90 percent of homes, said attorney John Arrastia, who filed the case against D.R. Horton. He is a partner at Genovese Joblove & Battista in Miami.  Read more:

 

Posted on December 15, 2018, in Uncategorized. Bookmark the permalink. Comments Off on FLORIDA – D.R. Horton Left Defects, Cash-Strapped Miami-Dade Association Lawsuit Says..

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