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Liens on property in ’08 hit record high

February 4, 2009 by root

Over 40 percent of filings were due to unpaid sewer bills

Thursday, January 15 | 6:07 p.m.

BY COURTNEY SHERWOOD
COLUMBIAN STAFF WRITER

A record number of liens was issued against Clark County properties in 2008, according to a Columbian analysis of 20 years of property records. And something stinks about many of last year’s 6,056 legal claims.

Clark County homeowners are flushing away some of the money they might recover from a property sale by ignoring their unpaid sewer bills.

Builder Problems

February 4, 2009 by root

Home-buyers be ware
Posted: 9:30 PM Nov 13, 2005
Last Updated: 12:34 AM Nov 14, 2005

The joy of building a new home turned to tears for one couple and they may not be alone.

A contractor building in Sarpy County is on shaky ground financially and buyers for three houses have been advised to pull out.

For months, Nolan Barnes and his fiancé planned their future around a new home.

But instead of moving in they're moving on.

"It's hard to describe the emotions we put into it," said Nolan Barnes. "And to think we're going to get something and we don't have it."

Invested in urban growth boundaries, Oregon builders fight Measure 37

February 4, 2009 by root

Oregon home builders say they'll grudgingly support Measure 49 this November.

The industry's support comes as a surprise to some. A "no" vote would mean potential payouts from more home construction. A "yes" vote would likely lead to stricter land-use regulations.

But building Measure 37 subdivisions on farmland outside urban growth boundaries will dilute the industry's ability to sell homes inside city limits, builders say.

Renaissance Homes Goes Belly Up

February 4, 2009 by root

Renaissance Homes Goes Belly Up: After blowing into town with other national and regional heavy hitters including D.R. Horton, Randy Sebastian’s Renaissance Homes begins gobbling up vacant land and tossing up its high-end homes in neighborhoods with self-aggrandizing names like Renaissance Ridge. But as the local and national housing market cooled Renaissance Homes’ fortunes took a turn. By spring of this year contractors were lining up to file liens against Renaissance. By early summer the company had defaulted on its bank loan.

Pride of ownership turns to frustration for Inglewood residents

February 4, 2009 by root

10:10 AM, March 24, 2008

Renaissance The site seemed less than an ideal place to call home: a former Inglewood oil field next to the Hollywood Park race track and under the flight path to LAX. The 375-unit Renaissance Homes development, however, was a major source of pride in Inglewood when the first units opened two years ago. Buyers, including Inglewood mayor Roosevelt Dorn, snapped up the houses despite prices that climbed above $700,000.

DEFUNCT WNY HOME BUILDER TO REFUND CONSUMER PAYMENTS

February 4, 2009 by root

Attorney General Spitzer today announced that his office successfully obtained restitution from a Western New York home builder that abruptly closed down and left its customers with unfinished homes.

"The purchase and construction of a new home is one of the greatest aspirations of many consumers," Spitzer said. "This home contracting company turned a significant milestone in a person's life into a nightmare of missed deadlines, broken promises and missing deposits."

Renaissance Homes Expected to File for Bankruptcy

February 4, 2009 by root

Source: BIG BUILDER News
Publication date: September 23, 2008

By Teresa Burney

Renaissance Homes of Lake Oswego, Ore., which was flying high just a year ago, plans to file for Chapter 11 bankruptcy court protection from its creditors today, Sept. 23, or tomorrow while it reorganizes its finances.

The Portland-area builder's fast fall serves as a reminder that few areas of the country remain immune to the market plague and that growing fast has its own risks.

Residents of upscale community voice a host of serious complaints

February 4, 2009 by root

“I didn’t expect to buy a house in a gated development for $600,000 and have a family member have to park outside on the streets,” said one resident of Renaissance Homes.

By OLU ALEMORU, Staff Writer

Owners in Inglewood’s Renaissance Homes development say inadequate parking, security and drainage are among the concerns they face.

INGLEWOOD — Residents of the upscale Renaissance Homes deluged a City Council meeting last week, voicing a number of complaints about the multimillion-dollar housing development.

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