Important Message for ALL CURRENT THP Homeowners in their homes less than 1 YEAR!

[Brian]

I understand don't you understand that they are out of cash! I am very aware of that. My problem is that if they EVER resumed Normal Business operations in the near future, that they would not honor their warrenty or their service that was offered to us with the purchase of one of their homes. I bought a new home to NOT have to put my time into it on the weekend. I work hard for the money I spent on this house and want to enjoy the weekend with my wife who I don't see a lot of during the week. That was the point of buying new instead of a used house or someone else's mess as we were calling it while looking at houses on the market. Guess you can say now I have "my own mess" from THP.

[wgicon]

I live in the Westport Farms townhomes in Franconia; my wife and I settled in June 2007 as first-time homebuyers.

If I have any recommendation, it is to file a complaint letter with the State Attorney’s office. I did this over the driveway being unfinished and the likelihood that THP will not be able to honor anything covered in the 10-yr warranty. Granted, if they get to the point of liquidating, I’ll probably see pennies for the driveway (if anything) and for the warranty I’m sure there will be nothing that can be done. At least it’s on record, and only cost the price of some copies and to certify the letter.

This is difficult for everyone, but my wife and I both feel fortunate that we have a house. We both had to aggressively “keep on” THP in the year after we settled for things that kept going wrong – considerable amounts of water seeping through the foundation in the basement, and on top of that, the breaker that the sump pump was on would trip as soon it started pumping. Our lamppost never worked, which doesn’t seem like a big deal, but my wife is coming home from work late at night, so it was a safety concern. Nail pops and drywall imperfections seemed like a luxury to have fixed compared to these problems.

I do not necessarily agree that no one’s situation is better or worse. I will say, neither with pride nor shame, that for no other reason than better timing, my wife & I are in a much better situation than most. I am not trying to be combative or disagreeable just for the sake of being disagreeable; I’m just making a case for perspective.

Good luck to everyone.

[crashtc]

Unfortunately....THP can't really do much in the way of giving us money back or anything...the bankruptcy changes things...Apparently they CAN release us from our contracts...if the WANT to...but why would they...they need our contracts to prove they have $ that will be coming in.

I highly suggest everyone starts to fill out the proof of claim forms to get their $ back from the courts...I would hope they would listen to a bunch of us rather than 1 or 2.

[administrator]

Originally Posted by wgicon

I live in the Westport Farms townhomes in Franconia; my wife and I settled in June 2007 as first-time homebuyers.

If I have any recommendation, it is to file a complaint letter with the State Attorney’s office. I did this over the driveway being unfinished and the likelihood that THP will not be able to honor anything covered in the 10-yr warranty. Granted, if they get to the point of liquidating, I’ll probably see pennies for the driveway (if anything) and for the warranty I’m sure there will be nothing that can be done. At least it’s on record, and only cost the price of some copies and to certify the letter.

This is difficult for everyone, but my wife and I both feel fortunate that we have a house. We both had to aggressively “keep on” THP in the year after we settled for things that kept going wrong – considerable amounts of water seeping through the foundation in the basement, and on top of that, the breaker that the sump pump was on would trip as soon it started pumping. Our lamppost never worked, which doesn’t seem like a big deal, but my wife is coming home from work late at night, so it was a safety concern. Nail pops and drywall imperfections seemed like a luxury to have fixed compared to these problems.

I do not necessarily agree that no one’s situation is better or worse. I will say, neither with pride nor shame, that for no other reason than better timing, my wife & I are in a much better situation than most. I am not trying to be combative or disagreeable just for the sake of being disagreeable; I’m just making a case for perspective.

Good luck to everyone.

You're right... If we were to hold that contest, it would be a doozy.

Certainly, some would come closer to one end of the spectrum than another but the overall point of my post was one of perspective.

And you did the right thing following up with the attorney office.

Misc details from info along the way can also be found here :

**ALL CALL** Contact Info for Attorney General's Philadelphia Office

I would suggest the BBB as well. Seeing as you have been in your home for over a year, luckily for you, you do not have to face the ongoing lien fallout as well.

Contacting the BBB is worthwhile as demonstrated here :

T.H. Properties - THP - A response to a BBB Better Business Bureau Letter

And you should also follow up with your monetary claim in ADDITION here as well :

Monetary Claims - How to file in court - Proof Of Claim - THP - T.H. Properties CH11

That will help protect your monies that the attorney general is working to obtain for you.

[administrator]

Originally Posted by wgicon

I live in the Westport Farms townhomes in Franconia; my wife and I settled in June 2007 as first-time homebuyers.

If I have any recommendation, it is to file a complaint letter with the State Attorney’s office. I did this over the driveway being unfinished and the likelihood that THP will not be able to honor anything covered in the 10-yr warranty. Granted, if they get to the point of liquidating, I’ll probably see pennies for the driveway (if anything) and for the warranty I’m sure there will be nothing that can be done. At least it’s on record, and only cost the price of some copies and to certify the letter.

This is difficult for everyone, but my wife and I both feel fortunate that we have a house. We both had to aggressively “keep on” THP in the year after we settled for things that kept going wrong – considerable amounts of water seeping through the foundation in the basement, and on top of that, the breaker that the sump pump was on would trip as soon it started pumping. Our lamppost never worked, which doesn’t seem like a big deal, but my wife is coming home from work late at night, so it was a safety concern. Nail pops and drywall imperfections seemed like a luxury to have fixed compared to these problems.

I do not necessarily agree that no one’s situation is better or worse. I will say, neither with pride nor shame, that for no other reason than better timing, my wife & I are in a much better situation than most. I am not trying to be combative or disagreeable just for the sake of being disagreeable; I’m just making a case for perspective.

Good luck to everyone.

Thanks for pointing out the way it came out in the manner in which you did

The intent was one of perspective.

[administrator]

Originally Posted by Brian

I understand don't you understand that they are out of cash! I am very aware of that. My problem is that if they EVER resumed Normal Business operations in the near future, that they would not honor their warrenty or their service that was offered to us with the purchase of one of their homes. I bought a new home to NOT have to put my time into it on the weekend. I work hard for the money I spent on this house and want to enjoy the weekend with my wife who I don't see a lot of during the week. That was the point of buying new instead of a used house or someone else's mess as we were calling it while looking at houses on the market. Guess you can say now I have "my own mess" from THP.

The biggest takeaway from this post is this is something that applies to pretty much ALL current THP homeowners.

Those of you out there that may be lurking saying, eh, this site isn't doing much or devaluing property... It's not. The home next to you unfinished is. The barren development is.

I could go on, but the point is this :

There's a lot to be learned from the frustrations of those in the front line of the affected at the moment!

As you may or may not see, there is no talk as to what *IF* they were to come back.... What would become of the warranties? What would happen to the months lost while the workout process continues? If anything, things are being redacted from what was once considered a nicety.

None of those questions have been answered. With a workforce of non-volunteers, as an existing customer, I would like to know those answers. I don't think I'm asking for anything wrong.

Again - the best thing THP could do for me to prove me wrong is.... prove me wrong. Show me the worksheet that says this is how we are going to take care of your liens that are being filed. Explain to me again how you had "no idea" this was coming when I was doing the dirty work asked of me by ServiceMark to "strongarm" THP into paying with the intent letter? Explain to me how the warranty program is going to work. Where all these answers? What's the real timeline for the people that have it in writing to take care of their homes left unfinished? And those are just some of the questions *I* personally have. There are millions more.

Well, we're two months into this thing. Those that only have a 1/10 warranty are almost 1/4 the way into their warranty without being able to be serviced!

Sooner or later, this will affect everyone in a very personal way.

[Burbank Grove]

Well said!!!!

[Ms. Henry]

I see the big problem going forward is the unfinished houses and communities, those lots and houses will sell at auction for pennies on the dollar which will lower the comps for the nearby houses by about 50%. I feel bad for you admin since you probably paid about $400k plus and you are on the worst possible street in Biltmore it really stinks for you, if they go chapter 7 fthe sherriff is going to be showing up again this time to post sherriff sale signs instead of leins. The big problems and losses have not even begun yet.

[administrator]

Originally Posted by Ms. Henry

I see the big problem going forward is the unfinished houses and communities, those lots and houses will sell at auction for pennies on the dollar which will lower the comps for the nearby houses by about 50%. I feel bad for you admin since you probably paid about $400k plus and you are on the worst possible street in Biltmore it really stinks for you, if they go chapter 7 fthe sherriff is going to be showing up again this time to post sherriff sale signs instead of leins. The big problems and losses have not even begun yet.

Understood.

110%

If anyone mistakes my position or concern over the loss of value... I am in a really bad spot. Really bad. So .. I understand everyone's concerns - there's just not a lot that we can do about it at this point yet... As I've been saying... Battling this out amongst ourselves is misdirected.

And welcome to the private conversations

I also realize and appreciate I live in a great, desirable community with good people.

Things will change - it won't be overnight, but they will change.

It's very, very sad that it did happen however. And it aggravates me more and more every day.

[ziggler]

In a Ch. 7 fire sale they may go for pennies on the dollar, but most likely to another developer who will develop them back into marketable homes which will sell comparatively to all the others in the area. It is more than likely better this way since this is something THP realistically has no shot of doing, at least not with current management. We already know how well they ran the business.

No matter what happens going forward, THP or NewCo, the people like Ed are already in the situation they are in and nothing will change that, unless of course with all those Bentleys the Hendrick's Bros also bought a time machine.

I fully believe that these developments will eventually be sold off and completed by another builder. In many of them, there is so much site work already done it is my belief that multiple builders / developers will bid very competively for the property.