A building company has appointed administrators and all work has urgently been paused, plunging nearly 100 homeowners into limbo.
On Monday, Victorian-based building firm Montego Homes Pty Ltd went into voluntary administration.
Sam Kaso and Shaun Matthews of insolvency firm Cor Cordis have been appointed as the administrators and halted all constructed work while they desperately hunt for a buyer.
The building firm, headquartered in South Melbourne, has reportedly left 90 homeowners in the lurch.
A further 11 people, who were staff at the business, also have an uncertain future.
Montego Homes has started 78 residential building projects since 2021, according to the Victorian Manage Insurance Authority (VMIA).
In a statement provided to …
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