Blanket Lien Foreclosure Affects 200 Innocent Homeowners

In Manatee County, Florida, a battle between the Oak View subdivision builder deMorgan Communities and McLeod Land Services of Sarasota, the company that did roads, utilities, sewers and drainage for the development, has resulted in a blanket lien of $500,000+ being placed on the entire subdivision for work that reportedly has not been paid for. The affect on the current residents of the subdivision is that roughly 200 innocent individual homeowners are finding themselves facing foreclosure through no fault of their own because of the unpaid debt that McLeod claims it is owed by the builder. A couple who currently owns a home in the subdivision and have a contract to sell it to a new buyer, have already had their closing put in limbo because of the blanket lien. For more, see Subdivision homeowners surprised by blanket lien (Sarasota Herald-Tribune).

See also, Contractor liens on Oak View homeowners (Bradenton Herald).