From the Arizona Department of Real Estate;
The Department has been notified that Randall Martin Homes’ subdivision lot holdings are going into foreclosure. According to Randall Bury, owner of Randall Martin Homes, the company is “walking away” from its holdings in Marley Park, Roosevelt Park, Valley at Dobson Crossing (aka Portello at Dobson Crossing) and Higley Park. It is anticipated that the lien holder(s) will assume ownership. No complaints have been filed regarding Randall Martin Homes; however, we believe that it is important to alert Consumers and Industry of the company’s intentions. ADRE is proactively taking steps to ensure consumer protection. Should consumers have questions or concerns, please contact Cindy Ferrin, Manager - Development Services at cferrin@azre.gov. [emphasis added]
The Arizona Republic looks at the “walking away” of the Scottsdale company from unfinished houses and empty lots, and it’s effect on homeowners in one Randall Martin subdivision, Portello at Dobson Creek in Chandler, Arizona.
The company is not filing for bankruptcy! Just “walking away.” Interesting.
Instead, the builder’s lien holders will take over ownership of the vacant lots and unsold homes, which could cause a three- to five-year delay in completing the development.
What a mess!
That’s gotta hurt your property values when you have unfinished homes in your neighborhood with no completion date in sight.
Since they’ve moved in, they haven’t heard from the builder, who was supposed to complete final repairs within 30 days. The only company they have heard from is a subcontractor threatening to put a lien on their house if the builder doesn’t pay a $500 bill.
The builder’s lawyer says Randall Martin will honor it’s warranties. I’m not seeing any customer service awards in Randall Martin’s future.
Randall Martin must have some assets otherwise they would have declared bankruptcy. The homeowners might have to play hardball with Randall Martin to get their warranty work done.
“I’m freaking out because I bought this brand new house and thought all these things were going to be fixed,” she said. “You expect all those things you agreed upon to happen and now with him going out of business, I don’t know how they’re ever going to happen.”
A separate article on Randall Martin had this to say;
Recognizing signs that a builder is in trouble and reporting them to the Real Estate Department can help head off problems, Utley said.
“One sign is a mechanic’s lien,” she said. “If a builder has not paid a tradesperson, after a certain period of time they will get a lien placed on the property and there will be a notice placed on the house. It’s a good sign the builder is in trouble.”
How would you like to find out that you have a mechanics lien against your brand new home because the builder skipped out on the sub-contractors. It’s absolutely no fault of your own, but the lien is against your home.
Trade people are not getting paid, and that’s kind of a red flag that the developer is having difficulty
Yep. That’s a red flag and a real problem for new home buyers.
New home buyers beware!
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Amir Rivandi 03.03.08 at 8:34 pm
Randell Martin retained my earnest money although I cancelled the contract four day after. I was not Pre qualified for the loan and their agent made a false promise the day of the contract.I am fighting agaist the builder to get my money back, I really appreciate for any feed back/info to help me in this process.
Heather Barr 03.06.08 at 9:29 am
The Mechanic’s Lien issue is a real problem. The resale contract we Realtors use requires the Sellers warrant that they’ve paid all tradesman. But if I’m remembering correctly, most new sale contracts don’t require Sellers’ warranties in this area. Truly a mess! Jay, you might know–can AAR or NAR require changes to the new home contracts builders use? Using a contract that reequired builder sellers to pay tradesmen would be a welcome change.
Heather Barr 03.06.08 at 9:31 am
Ooops! Meant to say “John” not “Jay”. I’m gettin’ old…
John Wake - Real Estate 03.06.08 at 6:42 pm
Heather,
I’m honored to be called Jay!
Nah, the AAR or NAR can’t require the builders to do anything. As far as I know, all builders require that buyers use the builders contract which is very biased in favor of the builders.
If you buy a recent build resale instead of new build and use the AAR contract (which is very even-handed between buyers and sellers) then you as a buyer are in a much stronger position.
Jason Schillereff 03.15.08 at 3:22 am
Hi I’m stuck in the middle of this mess as well. I’ve been in contract with Randall Martin since last June on an unfinished house in the Dobson Crossing subdivision. We were supposed to close at the end of Feb. and now nothing, we have several thousand dollars tied up in the house and are being told by the lender that the investment group is taking over and will finish the house. We have in writing that 150 lots in the subdivision including ours will be up for auction soon; we haven’t received anything in writing from the investment group and the lender won’t give any names.
Tory Anderson 03.19.08 at 1:49 pm
Amir, it sounds like you may need to file a complaint with the Dept of Real Estate if your real estate agent lied to you or made a false promise. You can find the complaint form on our website: http://www.azre.gov
Jason, make sure you fill out a complaint form as well. We need to hear from you. We’re planning several community meetings for those who have been harmed or have questions about this situation. Send me an email (tanderson@azre.gov) and I’d be happy to make sure you’re informed of the date/time.
Tory Anderson
Asst. Commissioner, Policy & Special Projects
Arizona Dept of Real Estate
John pritchard 03.31.08 at 11:42 pm
I was about to be in the same boat as you guys but lucky enough to be informed by my realtor that their contract is very one sided and it is kind of a trap for buyer.
very compex to understand by a normal buyer but the realtor knows this language.
Did you read the contract befor handing the deposite check?
They asked me for an unusual amount for down payment which goes directly to builder account not title company as a nutural party.
it was very lucky that my agent found it very
tricky and not a good idea to purchase from this builder.
John pritchard 03.31.08 at 11:45 pm
I was about to be in the same boat as you guys but lucky enough to be informed by my realtor that their contract is very one sided and it is kind of a trap for buyer. very compex to understand by a normal buyer but the realtor knows this language. Did you read the contract befor handing the deposite check? They asked me for an unusual amount for down payment which goes directly to builder account not title company as a nutural party. I was very lucky that my agent found it very tricky and not a good idea to purchase from this builder.
Kimberly B. 04.06.08 at 1:00 pm
Tory,
I have sent you an e-mail with this question, but felt I should post this as well, in case there is anyone in this forum wondering the same thing…
I received the invite for the Higley Park meeting that was scheduled for Saturday, April 5th. Unfortunately, I didn’t have a chance to read it until the afternoon of April 4th, and being that it was held in someone’s private home, I didn’t have the heart to call at the last minute and say, “Add me to your list- I’m coming”.
Will there be a “make-up meeting” for those that were unable to attend? Or, is there a way to obtain the information and materials from that meeting?
If a “make-up meeting” is being considered, I would be willing to open up my home for the location, if need be.
Please advise.
Many Thanks,
Kimberly B.
Amir Rivandi 04.06.08 at 6:54 pm
John, it seems you are smarter than me. I trusted their realtor and I have to pay for that.
Thanks for your comment
Deborah 05.20.08 at 2:26 pm
I contracted with Randall Martin to build a home in Higley Park. Gave them $10,000. My house didn’t sell and I didn’t qualify for a mortgage … they refused to give me my money back. I should have gotten a lawyer but never did.
Amir rivandi 05.20.08 at 6:57 pm
Deborah,
We are in the same boat, please let me know if you need some direction so i can send you a lot of information about filing complain.
roll 07.24.08 at 12:17 pm
I would have kicked the builders ass if I were all of you who got jipped out of thousands of dollars.
krazy bone 07.24.08 at 12:19 pm
Down with Randall!!!! Cut his huevos off!
Out of State 08.19.08 at 6:38 am
Deborah,
We had the same situation. We down payment $10,000 on the Patagonian home back in 2006. However, our plans had changed & we were unable to move. We tried every way, even got a lawyer. Only my husband was working & I wasn’t working because I had to be bed rested for a high risk pregnancy. We thought due to hardship, they would give our money back, but unfortuneately they wouldn’t give our money back. I understand your situation, but I don’t believe that you’ll see that money. Lots of luck to those who are currently stuck in the middle of this.
Amir Rivandi 08.19.08 at 8:34 pm
Dear Deborah,
Did your case went to arbitation or not?
I am in the process of going to arbitation.
I also complained to the register of contactor and they are issuing a ticket agaist his license.
Any information will be helpfull.
Regards,
Amir
Amir Rivandi 08.19.08 at 8:35 pm
Dear Deborah,
Did your case went to arbitation or not? I am in the process of going to arbitation. I also complained to the register of contractor and they are issuing a ticket agaist his license. Any information will be helpfull.
Regards, Amir
Jason Caballero 09.15.08 at 12:33 am
Wow, I just happened to stumble onto this thread looking for other Randall Martin homes *I know they were in hot water, but I didn’t know they were skipping out on Obligations* for another Client. I am a Phoenix Realtor, and I think it’s terrible that 1) the builder would pull some crap like this and 2) other people who approached the builder with the consultation of a Realtor would be in this mess. That’s why were here is to keep this kind of stuff from happening, but that’s another issue. I like how John pointed out an upside… I had a similar situation with another client and the builder wanting to take their earnest money after the inspection, and their home center deposit not going to their purchase. As was pointed out also, it’s true, the builder contracts save the builder, and the AAR purchase contract creates safety and fairness for both sides. Anyhow the whole reason im writing is to see if anything new developed with any of the people on here (Amir, Deborah, Jason, etc). Has anything happened? I know its a while since anything has been posted… but it’s a serious issue and I think they should be held liable… especially if they didn’t file for any chapters of bankruptcy…(7,9,11,12,13,15)… Does anyone know if randall martin has filed for any of them? (aside from 13 being individual) Im guessing if anything they would have filed for a chapter 11… but we’ll see. Post up any progress on here, im rooting for you guys to get something back from them.
Thanks
-Jason
Deborah 10.17.08 at 12:50 pm
I don’t ever expect to see my $10,000 back but I am keeping all the paperwork anyway. They did find financing for me but Iwould have had to put $71,000 down and my payments would have been $1400 a month. At the time, I made $10 an hour .. how did they figure I qualified? We have since moved out of town but I drove by Higley Park before we left .. it looks horrible. I feel bad for the folks who actually live there.
Amir Rivandi 10.17.08 at 1:24 pm
Debroah,
I was also denied for the loan and they still retained the 10,000.00 down payment.
Did you filed for arbitration?
pvmi 10.25.08 at 12:38 am
Where does this randall martin live ? In Az or another state ?
Amir 10.25.08 at 9:14 am
He lives here is AZ, why you asked this question?
Randy Bury 11.07.08 at 10:02 pm
That is correct I do live in Arizona.
Unfortunately, this market has been hurtful to alot of people including homebuilders. I understand the pain and am sincerely sorry for everyone’s pain, including my own, during these difficult times. I put my life savings along with a tremendous amount of heart, soul, and hardwork to employ good hardworking people and build homes that people can raise their families.
Please indulge me a moment to explain the situation from my perspective. A number of people, like Amir, knowingly gave builders a non-refundable deposit. In return for a buyers promise to close on the home when completed, their non-refundable deposit, and a mortgage pre-qualification, homebuilders like me borrowed, and personally guaranteed, hundreds of thousands of dollars from a bank to build the home they requested. In Amir’s case, approximately $350,000 was borrowed to build him the beautiful home he selected including a tremendous amount of upgrades. As the home was completed and ready to close, Amir informed Randall Martin that he would not close and demanded his money back. Subsequently, I found out he had bought another home and as such no longer wanted to pay for the home built for him. If the shoe was on the other foot then I don’t believe any other reasonable person would act any differently than Randall Martin by keeping his deposit.
Homebuilders are not happy about doing all of that work, borrowing all of that money and in the end being stuck with an inventory home but that was the deal and the risk we take as homebuilders. Imagine for a moment if it was you who was on the hook for all that borrowed money and then someone walked out on you. Would you believe that is reasonable and “fair” that after all of that work done on their behalf for the buyer to buy another home or damage their credit in some way such that they cannot or are unwilling to close on the home built for them and then insist that you return a “non-refundable” deposit?
RMH Real Estate Holdings is now out of business and likely will file Chapter 7 in the next few months. Each homeowner had at closing, and still do have, a valid Homebuyers Warranty. In addition, there were 3 buyers that their home was in process of being completed and unfortunately lost their deposit in this mess. I have cooperated with 2 of the buyers in giving them a judgement against the company allowing them to collect on a government sponsored “Recovery Fund”. I have been unable to contact the third.
Mark 11.08.08 at 8:19 am
Randy,
I was in a situation with another builder and had to walk away from the home that I was having built. Because I read the contract I was aware that by choosing to walk away I would lose my non-refundable down payment. The home I was going to have built was originally valued at 275k, in the last couple of weeks homes in that area sold for 170k. Even though I lost my down payment I am still better off. As you can see from the string, it is very easy for people to peg you as the bad guy. I think it is very admirable that you have stepped up and tried to assist those who were stuck in the middle…..even though you didn’t have to. It is nice to see that there are still those out there that possess integrity. I truly believe that you have done everything you could do to help those stuck in this housing debacle.
Maunel 11.08.08 at 2:22 pm
Mark,
Are you a friend or relative of Randel bury? it looks that you are taking his side with no justification.
Builders and lenders sold and gave loans to people without qualification and that is why we have to pay the price now.
and these people are victim of the mess created by those builders and lenders.
Amir 11.08.08 at 9:58 pm
Randy Bury,
May I have your E-mail address please?
Manuel 11.19.08 at 9:13 pm
Randy,
If you sold the house in peak market and Amir was not qualified than pay him partial of retained money.
It looks like you are hiding now, why you do not give your E-mail address?
Manuel
Ben 11.19.08 at 11:05 pm
Dear Mr. Bury,
I find it amost laughable you would try and defend your position. You sir walked out of the development under the cover of darkness. You could have notified the community that you were going to do this and left detailed instructions on how or what if any recourse we could have had.
Instead you were a coward.
If you want to dispute this I suggest you look at this artical.
http://www.azcentral.com/community/gilbert/articles/2008/11/18/20081118gr-higleypark1119.html
I can tell you without a doubt I and many others in this community are activly seeking some legal solution to this. I for one hope that there will be a day when individuals such as yourself are held accountable for your actions.
K 11.20.08 at 5:38 am
I knew about this prior to it hitting the media, and got my records safe and sound, but this article below takes the cake for those of you that aren’t aware as of yet! Randy, don’t even bother coming back to this forum to post any kind of justification for this or anything else! I am a firm believer of “What comes around goes around” and I hope it hits you three-fold! If I were you, I’d get out of dodge because I know if someone finds you, you won’t have a chance to run.
See atricle below:
(it can be found at http://www.azcentral.com/community/gilbert/articles/2008/11/18/20081118gr-higleypark1119.html)
Personal data of Gilbert residents found in model home
by Chelsea Schneider - Nov. 18, 2008
The Arizona Republic
Boxes containing loan applications, Social Security numbers and bank account information for residents of a Gilbert neighborhood were discovered in a ransacked model home abandoned by a bankrupt developer.
Several Higley Park model homes have been broken into since builder Randall Martin ceased operations. One home even had its garage door stolen, residents say.
Julio Gonzalez, member of an ad hoc committee of Higley Park residents, found the boxes of paperwork when he was surveying the damage to the model homes. He’s now notifying residents to come collect the documents.
Several of the folders contain personal information of previous homeowners, and Gonzalez is attempting to call those people even though many of the documents are dated back to 2005.
Manuel 11.20.08 at 8:51 am
Dear Amir,
You are not the only victim of bogus pre qualification loans. Loan officers made huge money between 2004-2007 providing false paper works to lenders to let people like Randell get loans for huge profits and they created mess in global maket and economy and we suffer this finiancial crisis as a result.
If you have a proof that the pre qualification was baseless and have documents that you canceled the contract then what you have to do is to file complain with arbitration or court and I am sure you will get your retained money back.
Our country and constitution is based on justic and will take care of people like yourself. Just do not give up your right and fight for it.
Randy, what is your E-mail address? Are you hidding yourself?
He will get his money back, I gurantee
Arbitration case 11.20.08 at 8:53 am
For your attention
Deborah 11.20.08 at 9:37 am
I’m sure my records are part of the stuff that was found in Higley Park. I signed my contract in October of 2006. I need to get in touch with the gentleman who found the records. When I went to Higley Park, it was 4 months after the death of my husband. I felt like I needed to get a different place to live. I had a realtor but when I stopped in they told me I didn’t need it. They said “if you want you realtor to get their commission, we will just send her the contract to sign. She doesn’t need to be with you.” What a dummy I was. I knew better but wasn’t in my right mind I guess.
They took my $10,000 and when I couldn’t qualify for the $1400 a month mortgage they hooked me up with .. basically said sayonara sucker!
I’m sure there is nothing I can do. What exactly is arbitration and how do I go about doing it? I live in PA now.
Deb
Jay Cab 11.20.08 at 9:57 am
OK!!! Go to the Arizona Department of Real Estate and file a complaint… that’s one of the first places to start. If any of you had a REALTOR it was their Fiduciary duty to make sure this didn’t happen… and if it was going to, you had to have some kind of heads up. On your READAE (Real Estate Agency Disclosure and Election) form most realtors are required to have to even get their commission, it discusses the fiduciary duties owed to you. Basically all of their actions have to be legally in your best interest. Chase down the department and stick it to people who deserve it. I am a REALTOR and im sick of having one of the worst reputations cause people have no morals or scruples. It’s completely unprofessional and downright malicious. I hope you cause a huge stink and get your money returned.
What needs to happen is they need to lift the verbage about earnest money NOT GOING TO A NEUTRAL 3rd Party… and make it so all earnest money MUST go to the title company. (prop 201 addressed this)… Anyhow Good luck
Amir 11.20.08 at 10:07 am
Deborah,
you have to file a complain with arbitration (as it indicated in your contract).
That’s what i am doing now. Good Luck
Amir 11.20.08 at 10:08 am
Deora,
Here is the info if you would like to proceed with Arbitration:
Toll Free Line: 1-877-528-0880 ext. 8032
Direct Line: 559-650-8032
Fax: 559-490-1919
Xionga@adr.org
http://www.adr.org
Alex 12.05.08 at 9:17 pm
Randy Bury,
Can we have your E-mail address? If you do not provide the contact info than you do not take responsibility of your company behavior.
Alex 12.05.08 at 9:18 pm
Randy Bury,
Can we have your E-mail address?
k 12.06.08 at 10:54 am
Alright guys, mainly Amir… I am sorry this happened to you, as it has been a traumatic life event for you and many others, as well as myself- but now at this point, you need think logically and also, step out of the picture and look in… I am sure Randy Bury has been reading all of our posts in this forum, the first day it generated, back in February… Something, what exactly, I don’t know happened, that compelled him to make a post in the forum. By no means am I siding with him or feeling sorry for him, but you, Amir, especially need to understand something- You should respect the fact that he did step up and speak to all of us. He wasn’t rude, nor did he try to justify that his choices and actions were right or wrong.. He said what he wanted/needed to, and so be it. The economy took Randy Bury down which in-turn took many of us down with him. I am sure he has MANY burdens he too is dealing with, and again, not to back him or side with him, but I am wiling to bet his losses are MUCH worse than ours. Don’t ask him for his e-mail address, you fools- You know he isn’t going to give it to you, and he ESPECIALLY isn’t going to post it in here for tons (1000’s I’m sure) of readers to see. Yes, he may be the business owner but he, or any business owner for that matter are certainly not going to act as your customer service rep (if you will). Randy didn’t pick all of us out personally to shit on us. Shit happened, and we just so happened to get shit on. So get over your “Mr. Bury this and Mr. Bury that” BS. You have been sounding like a whining baby in this forum and it’s getting real old. Keep making your calls, etc. to all of the people and companies in which you have been referred to and in due time, you will get what is owed to you- your money back and closure.
Alex 12.06.08 at 8:43 pm
What is “k”? nick name for Randy.
Manuel 12.06.08 at 8:45 pm
Alex,
I think so.
Alex DeFalco 12.08.08 at 2:40 pm
In turn Randy has stepped out as a builder and wanted more to life than making family homes. Money, Money, Money… it’s certainly understandable for many to read these posts and become overly upset. The situation calls for drastic measures to be taken against the wrong-doer “randy bury”. Make as many complaints as possible to the AZ real-estate dept. and commissioner. There is an Arizona recovery fund that can be used for most of these claims. As an associate broker/agent it’s heart dropping to here stories that make you hate the people that your job revolves around.
In the next few months I will be working with a few investors who might be interested in the Higley Park land/lots for build out. This will bring the home prices up in the area and complete the long awaited project for this wonderful community of home owners!
Amir 12.09.08 at 2:02 pm
Randy,
In the contract it mentioned that if there will be any dispute both part should participate in arbitration.
Please pay $ 425 of you part, the contact person is indicated below.
I hope you do not want me to pay for you.
Mr. Rivandi,
RE: AAA #76 119 E 00319 08 ANXI, Rivandi v. Randall Martin
From: Angela Xiong (Xionga@adr.org)
Sent: December 9, 2008 8:44:08 PM
To: amir rivandi (rivandi@hotmail.com); rivandi2@yahoo.com
I forgot to ask, how much you wanted us to charge on the card. Are you also paying for the opposing party’s share or just yours?
/s/
Angela Xiong, Case Manager
Construction / Real Estate Division
American Arbitration Association
6795 N. Palm, Second Floor
Fresno, CA 93704
Toll Free Line: 1-877-528-0880 ext. 8032
Direct Line: 559-650-8032
Fax: 559-490-1919
Xionga@adr.org
http://www.adr.org
Office hours: Mon, Tues, Thurs, Fri 7:30 a.m. - 4:30 p.m. PT,
Wed 8:00 a.m. - 11:00 a.m. PT.
Supervisor Information: Hilda Ibarra, 559 490 1878, Ibarrah@adr.org and Lorena Garcia, 559 650 8058, Garcial@adr.org
Higley park Homeowner 12.12.08 at 8:51 am
Everyone participating in this thread and anyone new who joins needs to take action and fight back. I don’t mean get out the sledge hammer and start swinging. I mean file complaints with the appropriate organizations and get a good real estate lawyer and get your money back. These guys have money. Stillbrooke which operates in another state is still going strong in New Mexico yet they decided they couldn’t make money here and abandoned their project including the Higley Park Home owners association. They need to be held accountable and if the people whom they damaged don’t fight back, they will continue their behavior weather it is here in Arizona or in some other state. Trust me, Randy Bury and everyone involved in this mess isn’t suffering too much. They have protected them selves under LLC’s, PLC’s, and Corporations. Higley Park is not Randy Burys only problem. You can see everything he has purchased and all the civil suits against him personally by going to The Maricopa county recorders office at http://recorder.maricopa.gov/recdocdata/GetRecDataSelect2 and putting in his name. All his deeds, warranty deeds etc are there for public viewing.
Unscrupulous Realtors give all Realtors a bad name. File a complaint at: http://www.re.state.az.us. There is also other good information on the Arizona Department of Realtors website including your Bill of Rights as a home owner and tenant.
The Arizona Department of Real Estate works hard to enforce the Real Estate Code of Ethics and see to it that every Realtor in Arizona follows it. You will be doing the Real Estate industry a favor by filing legitimate complaints when a Realtor is less than ethical in their dealings. Unfortunately, they need to be held accountable and it is the responsibility of the public they serve to do so. It’s like the freeways here in Arizona. There are no police patrolling so everyone speeds. The majority of Realtors are hardworking, ethical and take seriously their fiduciary responsibilities towards the clients that are paying them. It is the few who think they don’t have to that give them all a bad name.
Those of you who have money owed you, find each other and then find a lawyer to represent you and go get your money back!
Amir 12.14.08 at 10:41 am
Randy,
Please pay your portion, the amount of $ 425.00 dollars for arbitration as per contract by Dec 15 2008.
I asked for your E-mail and you did not provide your E-mail yet so I have to use
this thread (the only channel) to comunicate with you.
Your agent got $10,000 earnest money in one day by lie. that money was 10 years saving from hard working for TAK company. I hope at least you are fair enough to pay your portion.
patti 01.30.09 at 12:54 pm
I am looking to move down there how can i get ahold of these properties to buy I am looking for a 7 bedroom home.
Can you guys help me out.
Patti
patti 01.30.09 at 12:54 pm
I know they are on this tax list..but i need to find out who to get ahold of to see about these homes etc.
alex DeFalco 01.30.09 at 4:14 pm
If you are looking for a 6-8 bedroom I got all type of properties for great deals. Check out my website or contact me direct.
Alex DeFalco
480 329-0945
DaniBuskohl 02.13.09 at 7:18 am
Hello all,
Now that many of RM’s homes have gone back to the bank, I am working with the lender to clean the homes up, secure them, and get them back on the market to sell. If you are interested in purchasing one of the nearly completed homes in Dobson Crossing, Roosevelt Park, or Marley Park, please contact me! I am posting this message in light of some of the previous comments that some of you were hoping to close on a RM Home prior to the foreclosure. If one of these homes I am working on is your “dream home” and you are still interested, please contact me. I in no way can help you get your original deposits or earnest money back but I can assist you in the purchase of the home at today’s value.
Thank you!
Dani Buskohl
Licensed Realtor with Call Realty
Joe Smith 02.19.09 at 4:52 pm
Hi,
I used to be involved with Randall Martin Home and am aware of most of the situations listed here. I am not a fan of the builder now as I was not treated fairly on my way out. I can say that there are many half truths here. When someone purchases a home and puts down good faith money (earnest deposit) at some point that becomes non refundable. If someone was qualified at the time they purchase then could not obtain a loan at closing that is the fault of the buyer not the seller and all of these contracts clearly state this whether its new homes or re-sale. Randall Martin is not just stealing these peoples money. These people entered a contract to have homes built and then skiped out. I do know that Amir decided to purchase another home after his home was already under contruction so don’t feel bad for him people. Many of other people did this to Randy and I’m sure it had some effect on the fall of RMH. When building a house that costs several hundred thousand to build and you retain 10k it doesn’t really even out. So for you home owners in declining RHM communities thank people like Amir for wasting Randys time and money and forcing him to walk.
K 02.19.09 at 8:49 pm
THANK YOU, JOE SMITH! I feel for many of these people too, but Amir has turned into a whiney little selfish baby and acts as though he is the only “victim”. He keeps asking for advice but never takes it and can’t shut up. It’s hard for me to admit, as pissed as I have been over this Randall Martin ordeal, but Randy Bury is hurting just like we are, but in different ways. So he made some bad business choices that contributed to his company’s pit fall, but the economy played a big roll in it, just as it is now, in all of our lives. Amir will take this to his grave I am sure. He needs to pick up and move on or go back to his own country and whine to the public there!
Joe Smith 02.20.09 at 3:36 pm
K, I agree and I do also feel bad for the RMH home owners as I sold many of them homes. This is why any investment has a certain degree of risk. We cannot predict the future as homeowners and what the market will do and neither can a home builder like Randy. I was there when one week we were selling homes off drawings and the next week it was a ghost town. I think people need to be responsible for their own actions and I am sure that this has had serious consequences for the people that had a vested interest in RMH. I can also tell you that all of these people with 80/20 loans and ARM loans came in asking for them. If people want someone to be angry with why don’t you look at your elected officials that allowed the community reinvestment act. The act that allowed anyone with a Pulse a mortgage, and the folks that requested these loans.
K 02.20.09 at 3:57 pm
Joe,
I wish there was a way we could exchange some kind of info on here where we could chat further. I would leave you my eml address, but I know that would be a mistake, because of an individual that posts in here… I KNOW he would become annoying or abusive, getting a hold of our contact info. I knew many of the people that you worked with over here… Miss them and loved them dearly!
… Damn, oh well. Let me know if you have any ideas.
John Wake 02.20.09 at 5:25 pm
K,
Do you know of any blogs specifically for RMH issues? If so, post it here so people can find it.
If not, maybe someone could start one.
EVERYONE, thank you for using a respectful tone toward other commenters on this emotionally charged issue.
unknown 02.21.09 at 2:25 pm
Ha! Check this out!
http://www.linkedin.com/in/randybury
k 02.21.09 at 2:37 pm
Amir,
I owe you an apology… We are all angry, by our own experiences and in our own ways… I never should have siad , nor did I mean what I said, when I wrote, “go back to your own country”. That was mean, crual and racist, and I am not that kind of person. I ask that you please forgive me for that comment.
Sincerely,
k
k 02.21.09 at 2:45 pm
John Wake,
I am not aware of any RMH specific blogs, but will see if I can find any. After I read your question, it made me stop and think that whom ever the moderator is of this forum at AZ Real Estate Notebook, I feel bad, as I think we have over-stayed our welcome : )
John Wake 02.21.09 at 5:25 pm
K,
You are very welcome to stay as long as you want.
I’m just wondering if there is a better way for you to share information with others in your situation.
Joe Smith 03.03.09 at 5:51 pm
K,
You can contact me at dkrollm3@gmail.com. Let me know you name in your e-mail so I respond.
Ethan 03.10.09 at 9:23 pm
Hedieh,
Did you worked for Randel Martine home?
Anti-Zenophobic 04.29.09 at 12:45 pm
Joe Smith , K and Randy Bury are either the same people or part of Randall Martin Management.
There seems to be a strong hatred towards Amir in all their comments, right from the first one that Randy Bury made. Out of all the comments made..why is Amir getting constantly picked? It is very apparent that Randy and his crooks and afraid that Amir has a real case and trying to make him look bad.
In their statements they are even blaming Amir for the downfall of the housing. It is very clear that these are very strong racist overtures clearly coming from these individuals.
If this blog truly has a moderator he or she needs to pick and these things instead of waiting for someone to make a direct racist comment.
Amir: Keep your head down and go after arbitration. Crooks like Randy always get nailed. This country has great systems to protect hard working people (with conviction) who truly contribute to the GDP of this great country instead of people like Randy who contribute to the Debt and corruption in this country.
Peter Koll 06.08.09 at 1:15 pm
I worked and became personal friends with Randy. I have not spoken to him in years. He was (and I trust remains) a solid person with integrity. I was surprised to see him write a response, and I share the view of another blogger that he demonstrated character by doing so. Builders take on tremendous risk. For money, of course. But there are other ways to make money. Many homebuyers willingly allowed mortgage brokers to qualify them for loans they could not afford. There is plenty of blame to go around here, including the lenders. This is much bigger than Randy Bury - a businessman trying to build a product. This took down the country of Iceland. And now they hate Americans. Are we then all greedy SOBs because they bought our worthless investment paper? The first step is to look at your own role and determine whether or not you have responsibility. I sincerely hope it gets worked out for all of you who are suffering, or who lost money. My guess is those who waste time in places like these are not as productive as those who dust themselves off and “press on”. My 2 cents for what it is worth…
John Wake 06.08.09 at 5:34 pm
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