I was out several thousand dollars on a Sotherby home in the Tribute, and the week they went out of business they were calling me to deposit another $10K.  I know other buyers who are out over fifty thousand, and contractors out more than that.

It is almost impossible to track down Peter Shaddock Jr but I did file a complaint at the TRCC - http://www.trcc.state.tx.us/forms_library_test/Complaint_Form_misc.pdf

I hope every contractor, customer and homeowner who lost also files complaints so that we can make sure he doesn't do business in Texas again until we've all been repaid.  He has several other businesses registered under his name with the TRCC.

I saw some Sotherby homes (new, never owned) for sale in the Shaddock Park subdivision in Allen, Tx.  One was built in 2007, still new, never lived in?   Who are selling these homes?  Who owns these homes since Sotherby is no-more?  I assume Sotherby homes aren't popular due to their bankruptcy and futile warranties.    

There are several Sotherby homes being sold like this. They are mostly bank foreclosures (with a few bought by, and now being sold by, Shaddock Homes).

For the foreclosures, the banks are either going in and paying contractors to finish them out or, sometimes, they are simply sold unfinished. Either way, they are new homes, never owned or lived in... the seller is a bank. These homes almost certainly won't come with any warranty... but they come with a nice price. So, some buyers are willing to take gambles that they're built well enough since they can get them at a better price. A good inspector can help, but they can't see through walls, so it's still a gamble for sure.

Any Sotherby Homes that were bought by Shaddock Homes might be offered with a warranty, but I believe that these are much fewer and further between.

It is our intent to make every attempt to resolve lien issues on homes closed by Sotherby Homes.  It is our goal to have this complete on or before October 1, 2009, or within 60 days of receiving notice of any lien issue.  If you have a lien issue, please advise Sotherby Homes in writing.

Trade Partners

Sotherby apologizes for issues affecting our trade partners and subcontractors due to our shutdown.  Sotherby is making the resolution of vendor issues on homes closed by Sotherby a top priority and we hope to have all of these issues settled in the near future.  

For past due invoices and other issues related to accounts payable, please email invoices to sotherbyupdate@gmail.com

Contact Information

Please direct all legal matters to:

Sotherby Homes

5960 W. Parker Road #278-336

Plano, TX 75093

Does anyone know who installed the sprinkler systems for Sotherby Homes in Grand Peninsula?