Dozens of Florida homebuyers have been left in limbo after builder Van Der Valk Construction filed for bankruptcy in late April, before it had finished many of the properties on which it was working.
Many of these unfinished homes were to be their owners’ retirement havens, a dream they had spent all their life savings to realize. Now, many of these properties are uninhabitable shells that owners have no funds to fix and complete.
“It’s a living nightmare,” Frank Sherrill, who hired Van Der Valk Construction in September 2022 to build his retirement home, told Realtor.com.
Why It Matters
For decades now, the Sunshine State has been the number one dream destination for Americans ready to retire. In 2024, according to nonprofit AARP,…
