Failed Norristown Condos Still A Burden To Buyers

Map of Pennsylvania highlighting Montgomery County (Photo credit: Wikipedia)

Terry Derby had to surf on seven different couches. Ellen Frank was turned down for credit cards and had trouble leasing a car. Ryan Schofield figures he might never again be able to buy a house.

Home ownership was not supposed to be like this. Instead of buying a haven, five Norristown condominium owners say they wound up with a horror.

The residents are left fighting for their credit ratings and some sort of compensation.

It’s a years-long saga – one yet to end – that spurred changes in the way the seat of Montgomery County monitors construction projects. But that offers little help to the people caught in a financial and legal tangle not of their own making.

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