Wait 45 more days. Forty five more days. THP and the Bond - TH Properties

[administrator]

This thread is getting a bit crowded :

We now wait 2 more months? THP Judge issues 60 day reprieve from bond enactment

So, I thought I would start the new chapter here.

This must be part of another docket / something which is why I haven't seen these yet, but never the less.... Here it is.

Buckle in. Just when you thought another process was ready to begin... Nope. (At least for the ones mentioned in this filing.)

We have to make sure TH(P) is all set first.

Why worry about the customers or the developments? That would allow for people to resume some normalcy and see their safety issues back on track. Or getting developments complete.

Nah.

Let's make sure we are looking out for TH(P)'s best business interests first and foremost.

[Voice-of-Reason]

I was told by THP (Dave) that THP did not intend to do the public improvements at Hawthorne. So why is THP standing in the way of New Hanover from getting the bond and getting the work done!

Email I received from Dave:

The top-coating of driveways will be done after the last lot at Hawthorne, and the two homes at Belmont Estates II settle.

The street trees and road top-coating should be done through the Township Bond.

Dave Wertz

[concerned]

I believe they don't want the bond acted on yet so they can finish the final houses and then let the townships act on the bonds. If they let them do it before they sell the houses then THP will have to pay for the work. The new owners will not likely settle on unfinished items. They want the bond to pay for the houses completed already and the ones they intend to finish. Just a thought. They don't want to pay for that work to be done if they can get the bond to pay for it. More profit per house.

[adaisy]

Originally Posted by concerned

I believe they don't want the bond acted on yet so they can finish the final houses and then let the townships act on the bonds. If they let them do it before they sell the houses then THP will have to pay for the work. The new owners will not likely settle on unfinished items. They want the bond to pay for the houses completed already and the ones they intend to finish. Just a thought. They don't want to pay for that work to be done if they can get the bond to pay for it. More profit per house.

I'm confused...The bonds don't pay for the houses, right?

[watcher]

Are they serious? Why mention snow removal if the extension is for 45 days.

[administrator]

Originally Posted by watcher

Are they serious? Why mention snow removal if the extension is for 45 days.

I think that township is really thinking ahead.. wonder just how much confidence they have for something to really work out in time for the winter season. Honestly, I think this is a good thing. Many of the main roads are not dedicated in these developments (if any in some). Doing this helps ensure that the people inside them can get out and let people in.

Originally Posted by adaisy

I'm confused...The bonds don't pay for the houses, right?

Public, common stuff only. I kinda see where concerned is going, but I don't at the same time. I think they are saying something to the effect of how the bond will do all the "after" stuff like lights, sidewalks, etc once THP gets in and gets out (if that was the idea behind the comment?), but I'm not sure how that equates to the complete homes.

From a customer standpoint, if I were a would-be homeowner, I would love to know that within X days with or without THP, the common areas were to be completed.

With this latest motion, it just puts forth when things won't be done by.

And then, leaves the question of when.

[Voice-of-Reason]

Why did they mention snow removal. Kingston Hill will not be completed before winter. As an unfinished development the streets will not be top-coated and dedicated. Therefore the township will not PLOW them. THP is responsible for snow removal on the undedicated streets. The roads in my area (Hawthorne) may be paved and dedicated before winter IF THP stops screwing around and lets the township have access to the bond money to finish the roads.

Again I was told by THP that they were not going to do the work. So THP should quit stalling and let the townships have the money so the rest of the site improvements can be completed. If this forces THP into Chapter 7......SO BE IT.....probably would happen anyway....the sooner the better!

[administrator]

Originally Posted by Voice-of-Reason

Why did they mention snow removal. Kingston Hill will not be completed before winter. As an unfinished development the streets will not be top-coated and dedicated. Therefore the township will not PLOW them. THP is responsible for snow removal on the undedicated streets. The roads in my area (Hawthorne) may be paved and dedicated before winter IF THP stops screwing around and lets the township have access to the bond money to finish the roads.

Again I was told by THP that they were not going to do the work. So THP should quit stalling and let the townships have the money so the rest of the site improvements can be completed. If this forces THP into Chapter 7......SO BE IT.....probably would happen anyway....the sooner the better!

You nailed it.

A lot of the remaining common work COULD be completed if we stop *****footing around and just let the townships get to work on dealing with the next round of the red tape (finding contractors to do the work, finding out if the bond company will be contracting and paying or allowing the townships themselves to... etc, etc.).

But no, now we have to let TH(P) try to make it happen. Or at least wait around to see if they can.

Well, hooray!

I really, reallllllllllllllly don't care who does it - like I've said before, I'd hand Tim and Todd a cup of coffee personally every morning to come over with a rake and hammer in each hand. I just want it done.

And if they, TH(P), can't do this .. Then enough is enough.

We already have been told they have no desire to help the people in the homes left high and dry... And they have an UNBELIEVABLE amount of debt.. Where else can this go?

Here's an example that I am REALLY interested to see where they source things.

I don't have my back railing. It's made by a specific company. And that company had liens out the wazoo against THP. Boy, wonder why I never got it when I moved in and was told "it's coming, it's coming". So... if these guys are done with THP.. And that is the only place to get it fabricated... Where do you get it?! So, it is probably safe to assume all the new Biltmore homes will have different railings? Will they look "off"? Or will this company be paid in full? If so, when can I expect my railing?

And they are building homes that don't even have AOS)#)#*!!@*! And I don't mean the ones that people have just walked away from.

Couldn't some of this time or money be better spent somewhere else? I've said it a million times... Rebuild your image with some of the old customers and let them also help rebuild your image.

Seems so easy.. Maybe it's too easy. Maybe that's why its been passed up for so long.

[Voice-of-Reason]

Admin

You have nothing to offer THP. I have nothing to offer THP. They have all the money they can ever get from us. (Like we are ever going to buy another home from them). They need to find new buyers (suckers) to take money from. They don't give a d@mn about us. If they make all the current homeowners happy and complete, all that will do is give them is a warm fuzzy feeling and not put a dent into the mountain of debt that they have. They are so desperate to "stay in business" that they forgot why they were "in business" in the first place.

I understand where you are coming from but I don't think THP will come around and do the right thing and fix the mess they created. Hopefully Chapter 7 comes sooner rather than later. This sh@t is really getting old.

[administrator]

Originally Posted by Voice-of-Reason

Admin

You have nothing to offer THP. I have nothing to offer THP. They have all the money they can ever get from us. (Like we are ever going to buy another home from them). They need to find new buyers (suckers) to take money from. They don't give a d@mn about us. If they make all the current homeowners happy and complete, all that will do is give them is a warm fuzzy feeling and not put a dent into the mountain of debt that they have. They are so desperate to "stay in business" that they forgot why they were "in business" in the first place.

I understand where you are coming from but I don't think THP will come around and do the right thing and fix the mess they created. Hopefully Chapter 7 comes sooner rather than later. This sh@t is really getting old.

I know

Don't read that post of mine as if I was in a state of delusion. I'm just mad as hell and trying to put forth how easy it would be to rebuild the name one screwed customer at a time. And how cheap even! How much money has been put into consulting and legal fees this far into the game?

Think how much the flyer cost to put together. That probably could have satisifed some homeowner liens or a driveway top or any other long due customer item.... Sure, the next question is how do you pick. .... Do a lottery ... Just do something.

And how about this one - they are employees, correct? Well, why can't they do any no-cost service? There's a way to rebuild some trust and name again. And no, I'm not talking about when you absolutely must like when a sewer busts. I mean like go mow down all the disgusting weeds and over grown crap in all the developments.

Just because they do it one time.... While that is wonderful, it shouldn't be considered a favor - it's what they should be doing all along to rebuild the business.

It's incredible that they refuse to do the simplest no cost things to bring them to where they want and need to be.