Complaint: Being a resident in Porter Ranch for over a decade, we have reported having mold problems numerous times to Shapell Homes, the developer of Porter Ranch. They give us excuses after excuses why they do not believe the mold is caused by the construction, and now they say our warranty has run out, so they are totally not responsible for anything happens in the house. Due to this mold condition, we have been putting our owe money to try to ease the mold problems without any significant success. We are selling our house, but the whole communities of Porter Ranch home prices have gone down a lot, many houses have been listed for over 180 days, so we are stuck with this mold house. In regard to the posting on 3/22/12 about the rudeness of Shapell employees, we came across with the similar problems. Their Legal Department practically says some and sues us if you dare, we are 50+ years construction company, we are powerful, but you are not, that kind of attitude that didnt want to take any responsibility for our mold problems! Just a note that Shapell new President, Bill West, so as their General Counsel, Thomas Ingram who both came from Dunmore Homes in Sacramento, California which filed for bankruptcy in November of 2007 www.bizjournals.com/sacramento/stories/2007/12/03/story2.html?page=all builder-implode.com/imploded/builder_DunmoreHomes,Inc._2007-11-08.html www.builderonline.com/business/brains-and-brawn_2.aspx Wondering why Shapell Homes hire executives from bankrupted companies, Bill West, formerly Chief Financial Officer of Dunmore Homes, stated on www.builderonline.com in October, 2005, www.builderonline.com/business/brains-and-brawn_2.aspx Dunmore, which closed 776 homes in 2004 for $287 million in revenue, replaced a wide variety of Excel spreadsheets with Outlook Soft, an off-the-shelf system, in February 2004; it produced financial reports by June and generated 10-year budgeting projections by the end of the year. CFO Bill West is enthusiastic about the system’s long-term projections. The software allows the company to run forecasts for cash flow, debt, and land holdings based on specifications of projects it is considering, enabling better decision making. Companies get in cash flow trouble when they’re growing, West says. My goal is to never end up in that position. With the long-term projections from Outlook Soft, Dunmore is restructuring some of its credit lines according to the cash flow and debt levels it wants years from now. Ironically, Dunmore Homes bankrupted in merely two years later in November of 2007 under these executives management, owed over hundred millions to creditors and a lawsuit of defrauding the creditors!
Tags: Builders & Contractors
Address: 8383 Wilshire Blvd, Suite 700 Beverly Hills, California United States of America