Brady Sullivan ordered to repair, buy back modular homes sold in Laconia
LACONIA — Brady Sullivan Properties has agreed to repair faulty modular homes it sold at the Paugus Woods mobile home park and be ready to buy back the worst ones, under the terms of an agreement with state consumer protection officials.
New Hampshire Attorney General Joseph Foster announced the settlement involving the Villas at Paugus Woods, a subdivision on White Oaks Road in Laconia. Under terms of the settlement, Brady Sullivan had to repair all defects identified in inspections made by an independent engineer of every home in the subdivision.
The property development company also must repurchase the five homes identified as needing the most significant repair if requested by the homeowner. The repurchase was ordered at the original purchase price.
“A home is the most significant purchase many of us will make in our lifetimes,” Foster said in a statement issued Tuesday afternoon. “Because of the importance of such a purchase, New Hampshire law requires that homes in subdivisions of this kind be accurately described in promotional materials and not contain the type of substantial defects that were discovered in these homes. We are pleased that the matter was brought to our attention and that we were able to protect these homeowners.”
The settlement was approved last week by a Belknap County Superior Court judge.
Foster’s Bureau of Consumer Protection had filed suit against Brady Sullivan that challenged claims it made in a public offering statement, which said all homes complied with building and housing codes.
But the inspections found a failure to properly attach the modules to their foundations, violations of electrical, heating/ventilation codes, inadequate insulation and failure to properly fasten the modules together and to provide proper foundational support.
Brady Sullivan must also pay $85,000 in administrative assessments and investigative costs to the state.