Which Arizona Builders are in Trouble? Buyer Beware!

arizona-builders-in-troubleBuyer beware when it comes to building a home in Arizona.  There are several Builders and Developers that have filed bankruptcy, have projects in foreclosure or are having labor and materialism liens recorded against their projects.

The Chandler communities on the list include Sonoran Mountain Ranch Parcel 10 Sonoran & Power Ranch Neighborhood #8 (both by Element Homes), Higley Park (Randall Martin), Chandler Village (Woodside Homes) & Santana Ridge (Weinstein Communities).

Communities on the list in Gilbert include Avalon Estates (Lighthouse Land and Development LLC), Stratland Estates (Sunwest/Stratland), Sun Groves (Elite Homes).

In Mesa ~ Dobson Crossing (Randall Martin Homes), Sun River Mesa Condo Tract 5142 (Sun River Mesa Condo), Jackrabbit Estates (Woodside Homes).

Yes, even Scottsdale has been hit at Ridge at Troon North A Condo (Quantam at Troon North).

It’s more important than ever for a buyer to be represented by a Realtor when looking for a new home builder!

Click here for the complete list of Builders in Trouble.