DailyBusiness Review.com: Justice Watch: Suit Claims D.R. Horton Left Miami Gardens HOA In A Mess
John Pacenti
March 28, 2014
D.R. Horton Inc. markets itself as “America’s homebuilder.” On its website, the Fort Worth, Texas-based company advertises it will make residents’ dreams come true. At Majorca Isles in Miami Gardens, that dream has taken on the qualities of a nightmare with broken front gates and random garbage piles left by outsiders. There’s also a padlocked, half-finished park choked with weeds and a malfunctioning heated pool, which usually is under repair and sometimes green. Not to mention the gym, where equipment has not been maintained properly.
In a Jan. 29 lawsuit filed in Bankruptcy Court, the court-appointed trustee for the master homeowner association alleges D.R. Horton left the HOA in financial shambles, essentially abandoning the project when the housing market collapsed. The trustee, forensic accountant Barry Mukamal, a partner at Marcum in Miami, is a seasoned bankruptcy veteran. He said he’s never seen a builder undercut an HOA and community like D.R. Horton did at Majorca Isles. “This is not the way a Fortune 500 company should operate,” Mukamal said. “These weren’t flippers. These were primarily middle-class, hardworking people trying to build a community.” Read more: