A home builder based in Henrico County, Va., is being sued by two home buyers who claim that Romm Custom Homes did not finish their Wyndham, Va.-area home on time, says Richmond BizSense reporter Jonathan Spiers.
The suit, filed by Mandar and Anjali Deshpande, also alleges that the company abandoned construction on other homes in the same neighborhood.
The story goes something like this, according to the case file:
The Deshpandes accused the company and its president, William H. Romm III, of failing to construct their home in the Cameron at Grey Oaks subdivision off Nuckols Road near Wyndham before their purchase was scheduled to close last November. The couple contracted with the company in February 2015 to build and sell a custom home at 5813 Cameron Creek Terrace. They purchased the property for $621,500 and paid two sets of down payments totaling $62,150, as well as additional payments for three change orders totaling $13,406. The latest change order payment was made last September. The purchase was scheduled to close Nov. 16, 2015, but the lawsuit, which was filed May 25 of this year, states that construction to date is less than 5 percent complete. Construction has not progressed beyond foundation work and framing.
The suit also claims that Romm abandoned other homes in the neighborhood and "“with fraudulent intent, induced plaintiffs to advance money for the construction of a custom home and have repeatedly failed and refused to perform as promised.”
William Romm responded to the allegations, and said that his company had financial setbacks last year has worked through them enough to finish a few houses.
The suit seeks an order requiring Romm to complete the home in accordance with the contract, or a judgment against the company for damages totaling $150,000 plus real estate broker fees, attorney fees and other costs.