Saturday, August 1, 2009

Roger Pollock walks away from Buena Vista Custom Homes

From the Portland Business Journal:

Buena Vista Custom Homes Inc., named Oregon’s fastest-growing business four years ago, has been dissolved.
The Lake Oswego homebuilder fell victim to plummeting demand for new homes, which in turn spawned a series of lawsuits and foreclosures, including a $10.7 million judgment in Happy Valley against Buena Vista and its owner, Roger M. Pollock.
The company has been sued for defaulting on loans and for shoddy construction at a condominium it built in Southeast Portland. It also lost a series of semi-developed lots in Southwest Portland to foreclosure.
The Oregon Secretary of State’s office formally dissolved Buena Vista’s corporate
registration on June 26, two months after it missed a deadline to submit its annual report and pay a $50 renewal fee, as required by state law. The company can renew its license by paying the fee and filing the report.
The company’s contractor’s license has also been suspended.


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