Hey LM really good to see you.
Annabelle Homes [the developer] basically stiffed DYNV [the builder] of the pay they contractually should have received for building the homes. DYNV understandably couldn't withstand an $8MM hit to the bottom line so it basically tore down the whole operation.
We never could get the straight story on who did what, when or why but suffice it to say it ended in a train wreck. There were rumors that DYNV's workmanship was sub-par ...but if the homes were designed and spec'd by Annabelle and passed state & local building codes how bad could it [the workmanship] have been?? and who is really to blame??? if there were quality issues or design flaws by either or both parties wouldn't you stop the work immediately and address it before you drive another nail?? I would.
Seems like it would have behooved both of these parties to find a way to work together and move forward. As they say in Texas 'they had a birds nest on the ground'... and they managed to screw it up.
This is one you just scratch your head over LM. We never did find out the outcome. I think if the truth were known Annabelle Homes [Dean Dovolis] screwed DYNV. He's not the first nor the last developer to put the screws to a builder.
Shame on DYNV for not putting scheduled payments in the contract as the work progressed. Live and learn eh!
The death of democracy is not likely to be an assassination from ambush. It will be a slow extinction from apathy, indifference, and undernourishment. ~~Robert M. Hutchins
