By Trend News Line 2024-06-29 10:39:06.
The unfinished homes on Furnace Road Extension in Lincoln County, N.C., have left families like Lisandra Flores and Lisa Labelle in a state of uncertainty and frustration. The dream homes they envisioned have turned into nightmares as construction delays and financial issues plague their projects.
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Flores, who closed on her land/home package in September 2021, has been waiting for more than two years for her home to be completed. The original contractors abandoned the project, leaving the family in a state of limbo. Despite making mortgage payments on a $189,000 loan for the past three years, the home remains unfinished, with no heat pump in sight.
The builder, Distinctive Homes and Development Group, led by Mario Cotto and Parathazathel Mohanan, has come under scrutiny for their handling of multiple construction projects. The Flores family fired the builder in January 2024, but the financial repercussions of the unfinished home still linger.
Similarly, Lisa Labelle’s dream home on Furnace Road Extension has also been left unfinished. After wiring $158,000 to Mario Cotto’s The Lion Real Estate Group, Labelle found herself in a situation where no progress had been made on her home. Despite disbursements of additional construction loan draws, the home remains incomplete, leaving Labelle feeling defrauded.
Joy Cotto, a realtor and wife of Mario Cotto, has also come under fire for her involvement in the land sales and home construction contracts. Labelle filed a complaint against Joy Cotto, leading to sanctions by the Professional Standards Committee of the Canopy Realtor Association for an ethics violation.
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The financial woes extend beyond the individual families involved. Robinson Builders Mart, a builder supply company, filed a lawsuit against Parathazathel Mohanan and the families involved in the construction projects, claiming unpaid invoices for building materials. The legal battle resulted in a judgment against Mohanan, which was later paid off.
As the families affected by these construction projects continue to grapple with the aftermath, a new contractor has taken over the Flores’ home in March, bringing hope for completion. However, the scars left by the unfinished homes serve as a reminder of the challenges faced by homeowners in Lincoln County.
Despite the setbacks and financial hardships, the families remain determined to see their dream homes become a reality. The ongoing investigations into the construction projects highlight the need for transparency and accountability in the homebuilding industry. Only time will tell if justice will be served for those affected by the unfinished homes on Furnace Road Extension..
“Homeowners claim builder took bank draws and left homes unfinished”
“Multiple homeowners report NC builder left homes incomplete after taking cash”.
