Another new home builder in the Central Ohio area has called it quits. On Tuesday, Joshua Homes unexpectedly shut down its web site and disconnected their phones. Joshua Homes appears to be the latest, in a long list, of new home builder casualties in our market. In the past few
years Central Ohio area has lost many new home builders:
- Toll Brothers
- Joshua Homes
- Centex Homes
- CV Perry
- Beazer
Many current Joshua home owners are very concerned about their new home warranties. This latest new build casualty really magnifies the potential problem of new home warranties. Joshua Homes had one of the longest home warranties (40 year) in our area. But, a warranty is only as good as the builder or warranty company. Does it really matter if you have a 40, 45 or even 50 year new home warranty if your builder is out of business in a few years?
The home buying consumer needs to realize that new home builder warranties are NOT regulated by any State agencies or the Department of Insurance. It is buyer beware! So, make sure you use an Exclusive (true) Buyer Broker when purchasing your next new home. An Exclusive Buyer Broker will protect you during your transaction and act as your advocate.
Good luck out there.
Representing People, NOT Property!




















10 comments
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August 18, 2010 at 8:10 pm
AJ
We had our first new home built in 2002 by Joshua. For the 12-month “punch list” we had nearly three pages of problems to be corrected, most of which we are still suffering with after being totally ignored by Joshua and Eric Schottenstein. Problems included concrete block basement foundation buckling in the area of a steel I-beam support. No investigation;no correction. A large water intrusion along the front wall of the house. Joshua did tear out and replace some of the stucco that had deteriorated as a result, but that was it. After having family members complain of a musty odor in the front living room at the site of the water problem, I just finished tearing away the drywall on the exterior wall – insulation moist and black mold covering most of the plywood siding! Each corner of the house has a major crack over 1/4″ wide and growing. Backfill along the foundation has settled, exposing nearly 12″ of foundation wall insulation. Attic sweats in the winter because of a lack of air circulation, causing attic roof to gather moisure and drip on the ceilings, causing water stains. The main floor in living room above the basement moves like a trampoline when adult or child walks, causing our entertainment center along a wall to teater and look like it will fall over; sitting in an easy chair next to someone walking feels like you are on a trampoline. A lot of sawdust-like material keeps falling in the basement due the main floor movement. I could go on and on. I was so angry after seeing the mold inside the living room walls that I tried calling all of the numbers to reach Joshua (8/18/10) and ask what they would do to remedy major problems – all shut down. I just got on the internet to find out about Joshua and if it was still elsewhere in Ohio, when I came accross your site. Surely there has to be some recourse or some law to protect homeowners from fraudulet builders. Any lawyers interested in going after Eric? He should not be allowed to start another homebuilding company in Ohio or elsewhere.
August 19, 2010 at 3:31 pm
Michael
AJ, I’m really sorry about your home buying experience. I would recommend contacting a real estate attorney. An attorney might be able to find out if there are any pending class action lawsuits. Good luck. Take care, HomeBuyer Advocate Mike
May 13, 2009 at 3:02 pm
The Insurance Guy
Perhaps the state should require all home builders to contribute to some kind of warranty insurance fund before they can do business in Ohio. That won’t prevent companies from going under, but might prevent them from reincorporating as a new company.
May 13, 2009 at 3:35 pm
Michael
Interesting idea, thanks for the comment.
May 9, 2009 at 12:20 pm
Jeff
Sad (or embarrassed) to say I was a Joshua Homes customer. It absolutely infuriates me that a company like this can shut down shop and re-open under a different name (GreenStone Homes – same models, neighborhoods, owner, etc) and get out of making good on their commitments to the customers they built homes for under the Joshua Homes name. There are neighbors of mine, as well as myself, that have been fighting Eric Schottenstein and Joshua Homes in and out of court for multiple years trying to get resolution on warranty issues and other building related issues – and now likely have little to no recourse to pursue.
I guess this should serve as a warning to all: GreenStone Homes = Joshua Homes and clearly is buyer beware.
May 9, 2009 at 1:01 pm
Michael
Jeff, thanks for your comments. I agree with your analysis. It seems very hard for a high end production home builder like Joshua Homes to just close up shop and open up under a new business name. It seems like public relations (PR) suicide. Buying a high end home is an expensive purchase that requires an outstanding product and a lot of great customer service.
Over the next year, we will be watching the change over from Joshua Homes to GreenStone homes.
I’m so sorry for your troubles with Joshua Homes.
HomeBuyer Advocate Mike