First Class Builders, Inc. Facing Foreclosure
LABELLE, FL. -- One of many home builders in the Port LaBelle area with unsold inventory of homes and land is now facing foreclosure. First Class Builders, Inc. is being sued by the First Florida Bank for non-payment on a mortgage on five Port LaBelle properties. One home and four vacant lots may be up for auction at court sale if the owner can't bring mortgage payments current.
The bank has filed suit against the builder and the company's owner Jason F. McLendon, according the Hendry county records. Also joined as defendants are Tanya R. McLendon, and several construction related companies who have recorded liens against First Class Builders. Named in the suit as additional defendants are Cemex Construction Materials, Causeway Lumber Company, Tropic Floor, Matt's Concrete, and a LaBelle company, The Paint Authority.
Properties listed in the law suit include a new home at 2061 South Montana, and vacant lots at 3020 Lady Lane, 3037 Mignon, 6027 Kumquat, and 8045 Buttercup, all in Port LaBelle. The home has been advertised for sale at $199,900 with "owner motivated so make an offer."