From Yahoo Finance: 2025-06-04 14:00:00

Homebuyers in Citrus Springs, Florida are left in shock as Van Der Valk Construction files for Chapter 11 bankruptcy, leaving many homes unfinished. Homeowners, mostly retirees, are now facing financial uncertainty and limited options. The situation has drained bank accounts and retirement savings, with ongoing legal issues cited as a partial cause.

Frank Sherrill, one of the affected homeowners, paid $200,000 upfront for construction that remains unfinished. He, along with many retirees, are now considering their next steps as they deal with dwindling savings. Van Der Valk Construction blames ongoing legal issues, leaving at least 58 homeowners, subcontractors, and employees facing financial hits.

Meanwhile, residents of Inverness Villages Unit 4 in Citrus County are dealing with poorly built infrastructure, including sandy streets that erode and trap vehicles. Frustrated residents have filed legal cases against the construction company, serving as a warning for prospective homebuyers to consider community infrastructure before purchasing.

In addition to poor infrastructure, prospective homebuyers in disaster-prone areas like Florida should consider rising home insurance costs and the stress of living in such areas. Exploring all options and considering all factors before buying a home in these areas is crucial to avoid financial and emotional strain.



Read more at Yahoo Finance: This retiree says ‘I have no money now’ after sinking her life savings into a half-built house in Florida