We have built a home in Hartwood Reserve Clermont with builder Levitt and Sons. Although their AC subcontractor has confirmed a manufacturer defect and Levitt and Sons have confirmed there was a manufacturer defect in the Lennox Air Handler… this issue is left with the homeowner and we are advised to contact our homeowners insurance. It raises eyebrows if a company like Levittandsons cannot cope with a $300 warranty repair. It sounds absurd … or is there more to the story?
Times are changing for Levitt and Sons. One of the reasons why Levitt and Sons are failing the most obvious warranty or customer service responsibilities today may well be their current financial situation. The Business Journal now openly discusses the fact that Levitt Corp is considering its options in regards to filing bankruptcy for Levitt and Sons. Levitt and Son have terminated another 200 employees (about 1/3 of their entire staff) in September 2007 and Chairman and CEO Alan Levan told Business Journal that Levitt and Sons might default on some of its covenants for funding from lenders. Levitt reported a loss of $58.1 million for the second quarter of 2007. Click here to read the Business Journal report from September 28, 2007.
There is a saying that goes: “Buyer Beware” and I believe this is true for all home builders especially for Levitt and Sons.
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