Another Financially Troubled Homebuilder Stiffs Customers & Subs

WGCL-TV Channel 46 in Atlanta, Georgia reports on the problems some new home buyers in brand new subdivisions developed by Tradewinds builders may face. In the case of one recently married new home buyer couple who just moved into their first home:

• Just weeks after moving into the house in Clayton County, lien letters started arriving in the mail. [The homeowners'] liens totaled about $22,000 all because the builder had not paid contractors. Court documents show long lists of contractor liens on Tradewinds properties in several Georgia locations.

As new homebuyers, they weren't aware of the need for title insurance and say it was never offered to them. When CBS 46 Investigates tried to reach Tradewinds at their headquarters, they discovered newspapers covering the windows and the doors locked. For more, see CBS46 Investigates: The Broken American Dream.

Go here to watch the WGCL-TV Channel 46 story.

Go here for other stories of builders stiffing subcontractors & customers. contractors stiff subs customers alpha