We did an investigation to see what we could find out about BnA Homes, LLC and we got a lot of information, none of which is very encouraging. BnA Homes, LLC is actually BnA Management, LLC. BnA is supposed to stand for "best, new, affordable" but is best known in the home building community as "Bruno and Anthony".
The background here can be somewhat complicated as there have been so many company names they have done business under but most notably the company was started as Pasquinelli /Homes, and is best known as Portrait Homes and just like Mercedes Homes they suddenly stopped building in 2009 and eventually filed bankruptcy. One of the few remaining businesses not included in thier bankruptcy was BnA Management.
You can do Google searches using these names and you will find very few positive comments about the Pasquinelli brothers and their home building enterprises. Bankruptcies, lawsuits and investigations into their activities including a lawsuit filed in Cook County Circuit Court, which names BnA as a defendant, alleges that a complex corporate structure enabled Bruno and Anthony Pasquinelli to transfer $87 million
from Pasquinelli Home building LLC to their own trusts and to various children and grandchildren
between 2005 and 2009. read more here -> http://articles.chicagotribune.com/2010-06-23/business/ct-biz-0624-builder-suit-20100623_1_pasquinelli-brothers-anthony-pasquinelli-bruno-pasquinelli
You can read about the details about their bankruptcy here -> http://www.chicagorealestateforum.com/2011/04/13/well-known-chicago-home-builder-packs-it-up/ lucky for them the bankruptcy stopped several lawsuits including one where a judge ordered the company to pay five families who bought new homes in Lake in the Hills a total of $1.1 million for violating the Illinois Consumer Fraud and Deceptive Business Practices Act.
Some of the other Pasquinelli Businesses include:
Normandy Homes and CB Jeni, interestingly enough after Portrait Homes ceased operations Bruno Pasquinelli Jr started CB Jeni and tries to convince people he had nothing to do with the demise of Portrait Homes, the company his father started and which he worked at for 20 years.
Here is a link about their practices in Indian Land, SC included in this article is a response from their own superintendent of construction who clearly states they use HOA money to pay for repairs and other things that they as the builder are responsible for, and we wonder why they want 100% control of our HOA until the neighborhood is 100% complete, here is why we should be scared very scared: http://www.ripoffreport.com/r/Portrait-Homes-Pasquinelli/Charlotte-North-Carolina/Portrait-Homes-Pasquinelli-Avoid-Portrait-Homes-at-all-cost-Quality-issues-untruthful-317574
And just when we thought there couldn't be a worse builder than Mercedes Homes!
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