Florida Builder Accused Of Pocketing Loan Proceeds & Stiffing Subs; Homebuyers Pay Twice For Same Work

The Daytona Beach News-Journal reports:

• "Several Palm Coast residents say they hired Canterbury Estates Homes Inc. to create their dream homes, many of them on Lewiston Court in Palm Coast. But the company has left them scrambling to pay the people doing the work. At least a half dozen people who contracted homes from Canterbury said they filed complaints against the company's owners with the Flagler County Sheriff's Office. At least two contractors said they have filed complaints with the State Attorney's Office against Canterbury."

• "Stephen Rende, owner of Rende roofing, a longtime Palm Coast business, said this is the first time his company has ever had to file criminal complaints against a builder. Homebuyers like Anthony Rappa say Canterbury's owners, Herbert Heron and Noel Richardson, didn't pay the subcontractors who worked on their homes. Rappa and several others say Heron and Richardson took money from them either directly or from their bank-drafted construction loans, which should have been used to pay subcontractors."

One Palm Coast resident said he has spent 80 to 90 hours each week for the last few months finishing the construction of his new home that was left unfinished by the builder. For more, see Flagler builder investigated over liens, bad checks.

Go here for earlier posts on criminally implicated homebuilder Canterbury Estates Homes.

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