Homebuyers believe that K. Hovnanian knew there were problems with the water system in their neighborhood. Needless to say, the homeowners aren't happy.
Lancaster homeowners suing K. Hovnanian Homes
- Thread starter Anon._IHB
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NEW -> Contingent Buyer Assistance Program
Developers are required to post bonds or escrow capital for the total value of all improvements in a community in order to record their map and sell homes. If something is incomplete, the bond company will step in and pay for the improvements. This became a part of the process to prevent developers from walking away in the middle and leaving things undone.
The pump system in the yl development would be the responsibility of the water district. The water district takes ownership of all improvements when they are completed. With ownership comes responsibility for maintenance. If the pump is not working, the water district is the one liable.
freedomCM_IHB
New member
I wonder if the same sorts of lawsuits will result from the Yorba Linda fire. no water pressure for the houses at the upper levels supposedly led the fire departments to pull out and not try to save those houses.
IrvineRenter_IHB
New member
This is going to be a difficult lawsuit to win. The developer did what that were required to do. If there are unconstructed facilities, there are bonds in place to cover the construction. Unless the city officials were totally asleep when they approved this development, any problems will be temporary.
freedomCM_IHB
New member
IR, are you talking about lancaster or yl?
the yl development has been built out for years. sounds as if the water district and developer had bad planning with no gravity feed above the level of the houses, but instead relied on electric pumps which burned in the fire (who approved *that* plan?)
the lancaster one is only 1/10th built out (and likely dead in the water). do you think that the developer sold mello bonds to pay for a water system and then walked with most of the money?
the yl development has been built out for years. sounds as if the water district and developer had bad planning with no gravity feed above the level of the houses, but instead relied on electric pumps which burned in the fire (who approved *that* plan?)
the lancaster one is only 1/10th built out (and likely dead in the water). do you think that the developer sold mello bonds to pay for a water system and then walked with most of the money?
IrvineRenter_IHB
New member
freedomCM said:
Developers are required to post bonds or escrow capital for the total value of all improvements in a community in order to record their map and sell homes. If something is incomplete, the bond company will step in and pay for the improvements. This became a part of the process to prevent developers from walking away in the middle and leaving things undone.
The pump system in the yl development would be the responsibility of the water district. The water district takes ownership of all improvements when they are completed. With ownership comes responsibility for maintenance. If the pump is not working, the water district is the one liable.