Settlement reached in lawsuit against developer of Del. 55+ community
DOVER, Del. – Delaware Attorney General Kathy Jennings has announced a settlement in a lawsuit against a developer for allegedly misleading residents at Noble’s Pond, a 55+ community just outside of Dover.
The complaint, which was filed in 2019, includes charges that Regal Builders, LLC, its president, and other related entities, violated Delaware law by requiring homebuyers to enter into contracts that were confusing and failed to disclose material facts. It also alleged that the developer violated state law by forcing residents to buy telecommunications and propane services through companies owned by the developer, oftentimes at a significant markup.
Regal Builders is denying the allegations.
We’re told the parties have agreed to a settlement that includes:
- Revisions of the developer’s sales and advertising materials
- Revisions to the community’s governing documents
- Limits on the amounts that can be charged for telecommunications services
- Increased resident participation in the governing boards of the community
- Payments to residents
“It is important for real estate developers to deliver home buyers what they promised and to follow the law,” said Attorney General Jennings. “We were able to work with Regal Builders and reach a settlement that addressed our concerns and provided homeowners with restitution.”
