Creditors want deposits back from Orlando vacation-home developer [South Florida]
A group of would-be resort-home owners is attempting to force an Orlando developer into U.S. Bankruptcy Court, saying the company took about $34 million in deposits for never-built houses in Polk County.
The 19 creditors, many British, filed an involuntary-bankruptcy petition Feb. 20 that seeks to freeze the assets of Superior Homes & Investments LLC so they can retrieve deposits made in 2004 and 2005.
The deposits, from $40,000 to $140,000 each, were for vacation homes in a 791-lot Davenport community called Oakmont Resort & Spa. Pictures on the development’s Web site show vast stretches of dirt lots littered with construction equipment.