Two of the four custom homes left unfinished by Richmond-based Romm Custom Homes at The Cameron at Grey Oaks neighborhood have been purchased by other builders at a foreclosure auction on Nov. 9th. The remaining homes were pulled from the auction, but are expected to sell in the coming weeks, according to William Romm, owner of Romm Custom Homes.
“The parties that bought the houses at foreclosure are finishing the houses for the customers,” Romm said last week. [Romm] said all of the houses will be picked up and finished and the owners are all going to get their houses.
Three of Romm’s home buyers have filed lawsuits against him for his failure to complete the homes. These lawsuits remain open as of Tuesday. One buyer, Mandar Deshpande, is seeking over $150,000 in damages.Romm Custom Homes was unable to complete its projects due to “a financial setback”, according to Romm. The company’s business license has expired, and Romm has chosen to form a new remodeling company, Millstone Builders, instead of renewing the license.