Levitt and Sons’ bankruptcy leaves Orlando-area buyers without homes
The financial collapse of one of America’s legendary home builders has left people throughout Central Florida stuck with unfinished houses, liens against their properties, unopened clubhouses and community pools, and warranties that could be worthless.
Many of the victims, scattered throughout the Southeastern United States, don’t know whether their houses will ever be finished.
“We’re just kind of in limbo here and waiting to hear,” said Vincent Santanelli, a resident of Cascades at Groveland who helped his elderly father-in-law with a $20,000 down payment on an unfinished house in the Lake County community. “We haven’t even heard a word from Levitt.”
In Central Florida alone, several hundred families purchased lots and homes in communities from St. Cloud to Winter Springs that remain unfinished.