POTTSTOWN PA – Pick up and move on. That’s the attitude owners of homes in TH Properties’ (THP) developments are beginning to express, if not in so many words, as they meet and plan for a future with or without their communities’ builder.
“I think we are all hoping for the best, preparing for the worst,” Skippack resident and THP customer Ed Crotty predicted Monday (April 27, 2009).
Property owners in Coddington View, a THP project within the Pottsgrove School District, gathered Monday to talk about how they can proceed following the company’s announcement last week that it suspended business operations. If chatter on a local website established for owners is any indication, most expect THP will declare bankruptcy and leave them with little or no help.
- The Sanatoga Post was invited to but could not attend Monday’s meeting at Pottstown Middle School. This article is based in large part on comments logged by users of the WheresBuilder.com messaging website, voluntarily established last week by Crotty as a communications hub for THP communities’ residents.
So Coddington View residents appear to be taking matters into their own hands. They’re talking about setting up a separate home owners association (HOA) that would collect dues, and coordinate and pay bills for community services like trash pick-up and snow plowing. They selected volunteers to represent their interests to outsiders.
Unsecured, unfinished dormers atop a roof at THP's Kingston Hill project in New Hanover Township.
They’ve apparently gained municipal attention, too. Two representatives of Upper Pottsgrove (PA) Township, in which the Farmington Avenue development is located, reportedly attended the Coddington View owners’ meeting and discussed what township assistance might, and might not, be offered.
Although Coddington View owners seem determined to be self-sufficient if necessary, several are also exploring what if any legal options are available to them to recoup lost deposits and get unfinished construction tasks completed during the THP debacle. Attorneys have been consulted individually and by groups, and cautioned against saying much publicly.
Attorneys are at work for others as well; in one case, for the company’s former vendors. One property owner in the newer phase of THP’s Kingston Hill development, off North Charlotte Street a half-mile north of the Lower Pottsgrove (PA) Township line, reported receiving a letter announcing a vendor’s intent to file a mechanic’s lien against the property “due to unpaid electric bills.” A different owner, in Coddington View, said he also had been notified of a mechanic’s lien filing.
Related:
- What’s Next?, THP Owners Wonder
- Worried THP Owners Looking For Help
- Builder THP Suspends Its Operations
- Bank Reportedly Sues Home Builder
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[...] Moving On In The THP Debacle Owners at THP communities meet to determine what their next moves can be, and how they might help each other. [...]
[...] Moving On In The THP Debacle Owners at THP communities meet to determine what their next moves can be, and how they might help each other. [...]