Yes Devolper you just don't get it. I was lead to believe over and over again when I questioned our sales guy if Sotherby was financially stable enough or should I be concerned since we were spending so much money with them. I was told that they had taken the necessary steps to stay a float through these rough times. Well guess what devolper, our home is now owned by a bank and we are out $20,000. Do you think we have received a call from Sotherby or a letter. Nope, not a word. So I don't care what they have done in the past, because while they are celebrating and doing what the Shaddocks do best, we now will have to save for years before we can buy another house. Can you say the same for the Shaddocks?

Well Developer, poor fella, he just doesn't get it huh? Do me a favor peter, er Developer, why don't you contact some of the people who were laid off days before Thanksgiving while the Shaddocks were in Mexico?
Or call the homeowners who's houses have been hijacked by liens imposed by vendors who are owed 100k to 300k on work they COMPLETED but have not been paid by Sotherby?
Son, the economy may have landed a couple of blows, but the Shaddocks walked into the ring with self inflicted wounds. Using company funds to remodel second homes, buy cars, and God only know what else. Alot of us bought into this company, poured blood sweat and tears into helping the Shaddocks make all of those millions you spoke of only for them to piss it down the commode. Son I wish it was the economy, it was human nature instead and we are all paying a hefty price. When you go out hunting with the Shaddocks this weekend, ask them, was it worth it? And if you could go back and do this thing over again, would you do things another way? Since they just filed bankruptcy under Chapter 14, my guess is no, but you can ask them anyway. And bring back some deer jerky while your at it. These bologna sandwiches are getting pretty old pretty quick.

Maybe,I don't get it. This local company builds thousands of houses over 15 years, earns a national reputation for building quality, pays billions of dollars to subcontractors and distributes hundreds of millions of dollars in salary and bonuses to employees. Then this comapany in a horrible recession has financial problems. What do they get from the very peole that they generously supported over all these years? All of these negative comments and personal attacks. Excuse me, but this just doesn't seem fair. For me, I am thankful for my relationship with Sotherby and want to try to help them in any way possible. It just seems the right thing to do.

oldsguys, sir you have just scratched the surface of this puppy. this will go down as the enron of homebuilding when it's all said and done. I almost lost my lunch when I read that Sotherby "suspended some operations".yeah right. after they let us all go, they kept two gals in accounting,jr's little assistant, and a couple of others to "close the books" and transfer everything over to the new "company name" in other words; if you,a) have a house still under construction, or you just closed on one of those suckers b)a vendor who is still owed hundreds of thousands of dollars, good luck fellas! The Shaddocks have left the building. They are filing bankruptcy on Sotherby. I hope you all find good attorneys, I have. Go to implode explode.com, to read more.

Guess they'll have to wait until lenders resume extending bad credit to resume operations. Is this supposed to make a normal person feel sorry?

To dazzling urbanite; Prosper isn't that far. The DNTollway now runs right into Prosper. I live in Dallas and sell homes in Prosper. Door to door I can be at the office in 35 minutes. With the new Jack Nicklaus golf course and retail to go up in the next few years, Prosper is going to be the place to be.

Why are they still building apartments, condos and houses, where do they expect people to get the money to pay for all these new homes. Not to mention all new the shopping places they are building in Allen.

Oh no... Where is the Frou to live?

I am concerned for all those vendors that did good work for Sotherby and were asked to support; "be a team player", and "hang in there with them"....while all along being lead to the slaughter house...what do we do now with the monies owed? The ole Bankruptcy card will sure demolish all that is owed to the vendors, and some will not survive. Merry Christmas Sotherby!!! I am sure Peter Jr. will still own his ski home in Crested Butte, large home in Dallas he remodeled for almost free with vendor money, and that Porche he still drives, with much more to list....hopefully a true correction will come....When people get greedy they become crooked..business deals are not clear, lines are crossed, and lies are told. My hope Peter Jr., is for you to some day understand the true meaning of Christmas, one that some of your family members know well. It is with this your life can trully change. For what we have in possessions does not last.

Plano is in decline and Prosper is really too far out - Frisco is now Frisclosure. What to do?