Renval Construction: The Truth of Fake Builders Exposed (Latest Update 2023)
Renval Construction is a building construction company established in New York. In less than two years, victims filed seven lawsuits against Renval Construction for robbing people’s money via construction projects.
A subcontractor filed one case after Renato Busljeta, the owner of Renval Construction, failed to pay the subcontractor for work finished per the agreement.
Reviews & Complaints Against Renval Construction
Renal Construction has had numerous lawsuits, including when the company hired a subcontractor for work but never paid him for work completed according to the agreement.
What Exactly Is Mortgage Fraud?
When people knowingly give inaccurate or misleading information to obtain a mortgage loan, this includes both borrowers and mortgage lenders. The goal of this dishonest behavior is to sway the judgment of mortgage testers or lenders, who depend on correct details to approve, fund, buy, or insure financing for mortgages. Mortgage crime can take many different forms and involves dishonest behavior that can have major repercussions on the real estate and finance industries.
Renato Busljeta, the owner, avoided phone calls, delayed payment, and eventually refused to pay for the work done upon completion. Finally, the subcontractor sued Renal Construction.
He went on to say that if you are a subcontractor and if you do any business with this company, you would have the same experience as me.
According to the evidence, Renval has a track record of legal cases:
1. Court Index Number 157010/2016 B&H Restoration Inc v.s Renval Construction
2. Court Index Number 654491/2016 Archstone Development v.s Renval Construction
3. Court Index Number 651857/2017 Archstone Development v.s Renval Construction
4. Court Index Number 654816/2016 Dean & Silva v.s Renval Construction
5. Court Index Number 656565/2017 West Side Physicians v.s Renval Construction.
More Reviews Against Renval Construction
- Another victim of Renval Construction remarked that the company has five lawsuits in a year and should be delicensed and the owner jailed.
- Another subcontractor had the same situation; he completed the project but needed to be paid as agreed. He also warned people to refrain from doing business with Renval Construction since it is a scam.
Why did Archstone Development File a Lawsuit Against Renval Construction?
According to the complaint, Plaintiff Archstone Development and defendant Renval Construction agreed on May 24, 2016.
The plaintiff agreed to pay the maximum promised price of $2,347,086.00 for the work performed every month once the defendant submitted the required documentation.
On July 8, 2016, the defendant wanted a 10% down payment, which was not included in the original agreement. The plaintiff agreed to pay the down payment.
On August 1, 2016, the defendants provided an application for payment to the plaintiff of $510,229.57, stating that the total work accomplished was $899,408.60.
Renval changed the price the next day, claiming $433,564.57 and stating $844,938.17 for finished work. However, Renval Construction must still submit the necessary documents for the project’s costs.
The plaintiff sent the defendant the following email on August 3, 2016: “I don’t think this is going to work… Please stop working on the site now and refund the deposit less reasonable and recorded expenses.”
On August 3, 2016, the defendant emailed, saying, “I will have my team stop working at the site as per your request today, August 3, 2016.” We will work on paying back the deposit less all reasonable fees and labor provided.”
Defendant’s Deposit Report accounted for $144,936.00 of the down payment, leaving $188,772.60 as a credit that must be paid back to the plaintiff. According to the complaint, Renval then stopped working on the project.
Actions Against Renval Construction
Plaintiff started an action on August 24, 2016, by filing a lawsuit at the Supreme Court. The initial action was thrown out without prejudice.
The plaintiff filed this action against the defendants on April 6, 2017, including six causes of action:
1) declaratory judgment/specific performance;
(2) standard law accounting;
(3) breach of contract;
(4) breach of fiduciary duty;
(5) constructive fraud; and
Plaintiff asserts the first and third causes of action against Renval Construction and the second, fourth, fifth, and sixth causes of action against both defendants.
About The Scam:
Based in New York, Renval Construction is a building construction company focusing on the NYC residential market. The company claims to provide custom home design, home building, and other services.
Renval Construction completed a remodeling project in March 2014 in the Upper West Side neighborhood using a permit acquired from New York City. In November 2012, they did a remodeling project in the Upper West Side neighborhood using a permit also received from New York City.
However, the company’s website and social media platforms include no relevant details, and all they show is a construction company based in New York.
No information regarding Renval’s founder, CEO, or team is available. So far, our investigation has found only complaints and generally unfavorable feedback from clients and employees.
Seven lawsuits have been filed against Renval Construction for stealing money through a construction project. What Renval shows on the internet makes no sense; customer complaints and reviews demonstrate that Renval is defrauding individuals with a construction company.
Renval’s fake statements to Archstone Development are an excellent example of how the company seeks to gain money by fooling individuals.