Frustrated Lennar Owner

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Tue Mar 11th 06:52 AM | Rating: 0 0
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Housing Market Tracker - Homeowners Fighting Back Against Homebuilders

We own a Lennar Home in VA and our subdivision seems to have been mothballed. WARNING to everyone even considering buying a Lennar home read your covenant & restrictions very carefully, ours our written so one sided that Lennar has no responsibility to us and their voting rights are 100 per lot to our one. IF they ever get close to finishing the development they can keep 8 lots and still maintain control of everything. They can raise our HOA fees to cover any expense and have no liability to cover any deficit at the end of the year. We are suppose to have an audit done within four months from the end of the fiscal year which will be at the end of April and they haven't even hired an auditor yet and are being told by the ones they have called that it can't be done until November. We waited for the past two years audits for a over a year. Their attitude is "so what" there isn't anything you can do to us. This is a a 55+ community located in Fredericksburg, VA called Virginia Heritage at Lee's Parke, BUYERS BEWARE!
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