Builder Gone Bust Homeowner Stuck

A homeowner’s nightmare unfolds as Michael Nelson is left with a half-finished, unusable house after his builder went bankrupt—paying for windows and appliances that never got installed. His case exposes a critical flaw in builder’s warranty insurance: while a new $200K cap was introduced in January 2025, Nelson’s policy, signed before the change, only qualifies for the old $85K limit. Frustrated, he feels the system favors future buyers while abandoning those already stuck. With builder insolvencies in the ACT doubling since 2021, officials say no retroactive upgrades are possible—leaving Nelson and others in the lurch as consumer protections lag behind industry chaos. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/66b7cd2ece590026