Fraud in Cosby, TN!
While the Maranatha development entrance is very attractive the homes themselves are not very expensively built. They do however have one very remarkable feature. Every single home on this street has a large indoor in ground pool. Sadly, these large homes don't have any permanent arrangement for handling sewage. The story I've heard is almost unbelievable but it is the only tale I have to tell. Supposedly, the developer was going to put in a central septic system to service the entire development as a part of phase 2 of the community. In the meanwhile, the 12 homes in phase one must have their septic tanks emptied regularly because there are no field lines or any other method of handling these homes' waste water and sewage. How this was approved by the Cocke County administrators totally baffles me. Furthermore, the homes really should probably never have appraised for the values that they were sold for. I have been told that there are already lawsuits in process and more are threatened so this will likely be tied up in courts for the foreseeable future.
The moral of the story? As a buyer, make certain that everything you are promised is backed up in writing and that "must have" features are not relegated to a subsequent phase of construction that might never be completed. A lot of people have a lot of egg on their faces and this saga is far from over. If you want to avoid making a very costly mistake consider hireing one of our team members as a Buyer's Agent. We will work on your behalf and it won't cost you anything. For more about Buyer Agency, please refer to our website by clicking here. If you would like to view one of these very special homes please click here.