Buell Constructors

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Home Construction & Remodeling
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I own an unfinished home in the Maravilla Hills development in Austin, TX. The original builder Michael Kelly in essence operated a real estate ponzi scheme. Mike Kelly left approximately 100 homeowners with unfinished homes &/or severe drainage and septic problems in unfinished neighborhoods. Kelly & his corporate shell Primera Homes recently filed for bankruptcy protection - but not before allegedly transferring a multi-million piece of property into a trust for him and his father as well as paying himself and family members hundreds of thousands of dollars.

Immediately prior to Mike Kelly's abandoning the Maravilla subdivisions, Steve Buell and his wife Kara Buell entered the picture & told homeowners that if we paid $25,000 per property he would work with the banks & collectively finish our homes and get them sold so we could move on with our lives. Collectively, the homeowners raised $1.2 million for Steve Buell to finish the Maravilla, Maravilla Hills and La Ventana developments. Buell immediately re-named the developments Bella Ventana, Bella Castillo and Bella Vista. Many people had to obtain loans from their retirement accounts or deplete life savings to help raise the money.

Within 3 months of giving Buell the $1.2 million, he claimed that the project was out of money and that homeowners would need to pay significantly more. For most of the homes, Buell did not do any work and the homeowners are in the same predicament they were in 3 months ago - - except $25,000 to $150,000 poorer. The troubling thing is that while Steve Buell claims the project quickly ran out of money - some of the first things he did as the new project manager was to pay an associate a large payment through their investment LLC, pay himself a $60,000 bonus, and pay himself a $20,000 a month salary. It is no wonder the project ran out of money - or more appropriately, was raided.

Unfortunately, his wife Kara Buell (a licensed realtor) who was supposedly in charge of marketing the subdivision and leading the sales office, did little to assist homeowners sell their homes. There were numerous homes that were finished or within 30 days of being finished and not one was sold. In fact, one homeowner learned that their nearly finished home that was supposed to be actively marketed for sale, was instead being used by the Buell's as a project storage shed.

Buell Constructors defrauded over 50 homeowners in the Austin area. Steve Buell took $1.2 million dollars of investor funds and did not finish one home. To validate my claims, please contact the Texas Residential Construction Commission (TRCC), as others have filed formal complaints with state authorities about Steve Buell. Do Not Use Steve Buell, Buell Constructors or any other entity established by Steve & Kara Buell.

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★☆☆☆☆

I own an unfinished home in the Maravilla Hills development in Austin, TX. The original builder Michael Kelly in essence operated a real estate ponzi scheme. Mike Kelly left approximately 100 homeowners with unfinished homes &/or severe drainage and septic problems in unfinished neighborhoods. Kelly & his corporate shell Primera Homes recently filed for bankruptcy protection - but not before allegedly transferring a multi-million piece of property into a trust for him and his father as well as paying himself and family members hundreds of thousands of dollars.

Immediately prior to Mike Kelly's abandoning the Maravilla subdivisions, Steve Buell and his wife Kara Buell entered the picture & told homeowners that if we paid $25,000 per property he would work with the banks & collectively finish our homes and get them sold so we could move on with our lives. Collectively, the homeowners raised $1.2 million for Steve Buell to finish the Maravilla, Maravilla Hills and La Ventana developments. Buell immediately re-named the developments Bella Ventana, Bella Castillo and Bella Vista. Many people had to obtain loans from their retirement accounts or deplete life savings to help raise the money.

Within 3 months of giving Buell the $1.2 million, he claimed that the project was out of money and that homeowners would need to pay significantly more. For most of the homes, Buell did not do any work and the homeowners are in the same predicament they were in 3 months ago - - except $25,000 to $150,000 poorer. The troubling thing is that while Steve Buell claims the project quickly ran out of money - some of the first things he did as the new project manager was to pay an associate a large payment through their investment LLC, pay himself a $60,000 bonus, and pay himself a $20,000 a month salary. It is no wonder the project ran out of money - or more appropriately, was raided.

Unfortunately, his wife Kara Buell (a licensed realtor) who was supposedly in charge of marketing the subdivision and leading the sales office, did little to assist homeowners sell their homes. There were numerous homes that were finished or within 30 days of being finished and not one was sold. In fact, one homeowner learned that their nearly finished home that was supposed to be actively marketed for sale, was instead being used by the Buell's as a project storage shed.

Buell Constructors defrauded over 50 homeowners in the Austin area. Steve Buell took $1.2 million dollars of investor funds and did not finish one home. To validate my claims, please contact the Texas Residential Construction Commission (TRCC), as others have filed formal complaints with state authorities about Steve Buell. Do Not Use Steve Buell, Buell Constructors or any other entity established by Steve & Kara Buell.

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