In The Matter Of:
Meritage Corporation v.
Hancock
Ricky L Hancock
October 25, 2004
Gr@'n G Associates
3030 North Central Avenue Suite 1 102
Phoenix, AZ Maricopa 85012
(602) 264-2230 or (888) 529-9990
Original File RH I 0250-*i.7X7f 292 l’ugcs
Jliz1—U-5crzp!® File [D: 350293131 I
Word Index included with this Min-U-Seripta
Case 2:O4—cv-00384-ROS Document 476-2 Filed O4/20/2007 Page 2 of 4
Ricky L. Hancock Meritage Corporation v.
October 25, 2004 Hancock `
Page 21 i Page- 23
ii) A: Well, typically, in the Sundance community. 1 iu Ar Yrs no did_]·o my knowiedueiiie did i dori·r
[2] you're dealing with homeowners that, more often than not, i in know ii _ i assume he did.
{ai are probably more ofa Iir
[sj moving up in square footage. ist that business?
{6] O: And are you typically involved with consumer — isi A: Absoiureiii ii wus_
[7] or were you typically involved,during your time period in Or And you guys iook siens io ensuro min mor
ia] at Suntlance as well as what you anticipate at Rick isi renuiiuion was good?
[9] Hancock llomes, involved with consumers who are looking at isi A: you know_ in iiiis indusiry __ and iei me iust
[10] custom homes as an alternative to buying a, what you call noi eiurify mis in this indusuyi i.ou·i.e iiiways raking
lh} 3 {mei home or 3 de"eloPmem home? it i] steps to get better at what you do. Okay? You know, my
l‘2l MR- MATHEW: Objection oh *0 fom'- nz] lather — my father had the reputation, when he built
{ts) THE WITNESS: You're asking if they would — if ii3 i·or
{14} they come out to Sundance looking to buy a custom home? no over 50 i.eors_You don·i gei io mor ooini in iire by
hs} Qi BY MR- GUI-DHNE:No· Do [heY Come out to [15] building an inferior home. Let me put it to you that
U6} Shhohhee _ [ts] way. Reputation is everything. My lather always told
lm A? tm hot Sure — eh“`ifY Your queshoh for me- [l7] me, he said, it takes years to earn thc reputation, and
hel Qi Sure-·*b$ohhdY· [18) in the snap ofa linger, you can lose the reputation.
[19) When you're encountering these consurnersout at [isi i niurco Wim dirii_ i [link riiiii-S ri very viilid
ml $“hoo“ee· during Your eXPe'ie“ee· are You eheoumerihg [20] point and it's something that I take very seriously, Greg
{2t) consumers who are considering as a viable option a custom ren iiiis niwiiys uiken wry soriousiii iind_ You know, over me
{22) built home, or are they considering Pulte Ilomes as the mi years, being in me business, i·ve soon _ i·vo seen
leo! eomPehh"e Product or Something Likc Uhh? {22] builders come and go, but we’ve always stood the test of
rw A= ‘l`¤¢>‘ would look at ¤¤¤¤l¤¤t buiidct in thm ¤f=¤ or um-.aria ars something that is aiiip¤m¤i..t¤¤ you’rc
[25] of eoh‘I‘“"oble Size Square foo‘**ge· 7 {25] always looking for ways to improve.'I`hcre’s no such
pa'39 22 Page 24
in Q: Okay. So it's litir to say that, at least with (1] thing as a perfect home.
{2] respect to the new homes built out at Sundance, that, as rz] Q: Okriyuknd mo reason Why i,ou·re iooking for
ta] a general proposition, custom homes are not in the same isi ways io iiiiprovc mo budding of me homie iyroduct is to
W hmrkeilhoee 35 ‘he'h· [4] improve your reputation, as well as doing a good —
I5] A: I would — I would agree with [hah Yes- {5] A: Well, I think we‘ve got a very good reputation.
ta ¤= I-¢¤‘5 W¤1k thwugh ¤¤$·€<>S¤¤i¤-I i¤S¤ ww is] iamri know that i totally agree with ihnwc have Z
(7] to conlirni up a couple facts.Who owned Costain? ni very good roouiniiorryou know, nroducis k·hnngc_
{Bl Ai l tmc ho ioe“·To bc hohesl with You- {hel “'o$ ta] Technology changes.\bu keep up with thc times during
[9] so long ago, l’m not sure who the — who the principals isi die Course or evenis oi·eonsiruciion_
hel were- [IO] Q: And by "we," you mean like a home by Rick or
{11] Q: 'I`hat's fair enough. (ti] Greg Hancock.
[121 Did Greg — did your brother Greg work at iiei Ar yos_·i·iioi·s _ you know_ i can']. speak for
hel Cosmo? {13] other builders. But l know that, you know,l can speak
U4] A: No- tw did ho‘· He had holhihg to do with {hem· {ici for myself and how I leel about it. lt's important.
[151 O: During your time period at Costain, was it iisi Qi your dud _ sorry io ask mis_ is your dad
ns] important — was your — Costain`s reputation for selling iis] siili iiiivep
{17] a good, high quality product important to Costain's im A: yrs he is.
hel husihess? ips] Q: ls he still building homes?
hs] A: To my knowledge, it was.l think it’s — I iris] Ai No_ iie·s nor
mi think he **|“`8Y$ hhpmmht- itzat O: And he built new homes as well?
[av] O: Okay. The time period from 'S4 to ’86, when you limi A: yes_ he did.
[22] were in the patio home development business with — you i22i O; ()kny_ Did iie iiuiid now homo doveioi-,m€r-iis,
{23] were working for your brother Greg? lizsi eommuniiios;
l2·¤1 A2 YGS. I WAS- ||2i| A: Yes. Uh-huh.
[25] O: I·le owned that company 100 PCICCNI? iieei
Page 21 - Page ESSSRZO4-CV-00384-ROS Il!Dbum6mtiiit@»2 Fllocl O4/20/2007 Page 3*5f¤4J·$€fi1>*
Meritage Corporation v. Ricky L. Hancock
Hancock ‘ October 25, 2004
. Page 25 page 27
lll hrgssi 1 |1] l$ut,l know, I think he built two or three small
In A: [2] communities over the last few years.
ta] l'm not sure — l’m not sure the timelines of this. I ‘ [3] Q; ju uw phoenix yuuuo {um;
{4] ou e tad the Gene llancock (.OI1bl|’ULU()II Loglpany I uy A; ycu
|s| don’t know if tl1at was specifically the name ol' his (5] O: ju -86I you wcyu __ you uuuciucd You wcru Ou
l°l C°mP¤nY °'*“`IY On- But C"“nm,a__XII ·,II'* bud I hon_,i~s under ts) the construction side ofthe business for Greg for three
UI lIl m€$- m or four years. ls — was that for Greg Hancock Company.
IB] Q: tindsr Whst ninno? tn) or was that lor another company? 7
lgl Ai C‘*"°‘II“I' Honiss- {st A: Gosh, I think it was — I think it was still his
I'°I O: C'“'v'“‘I'I'°'r? (10] company. But I could be wrong on that.
III} Ai I I>¤li¢*’¢ th¤t’s Inc WQY IIIS $P'¢IIoo· [ti] Q: Okay,And just generally; on the construction
, l'?l Q: I-Ik': Virtzuun Cnvnlicrs? (12] side ofthe business, can you just tell me on a day-to-
llal A: Yoon- tts] day — just -— l'm just trying to get a feel for a
tut ¤= 0ksy·And did you work in his business nt ull? uu day·to-day, how oid that attrs; trout me sales smc or
[15] A: You know, at — I was still ill school,I was us] uu: busuusssg
[its) still in high school. lie sold his company in the us] A: Wcjj_ you gm up curucl-_ I0 Sum widyyou ·
{i7] mid—‘70s. Unfortunately, I didn`t get to work with him [,7] kn0“r’ nuddlc Of summa,-uma, youll gd out dun-C {amy
[ia] in the capacity that my brother did.You know, still uu Cady But you “ycrc _ you know, j urould oversee (hc
tist bring in high s¤hool.Gr¢s is nine ydirs oldcr than l om. ust construction ofthe homes. 1 was instrumental in
out so hs bsd sn otstwrtunitv to sstusdlv Work sids bv sids ust solusoulaog out olrroout sages ortsutttltug s home,
I2'} Wnh mY Ii*In€I'· ro work $IIn`In`I€I'IInIo$· You knoW» whsn I (21] because there is a process that you go through. I would
l??l was onl ol $oIIooI of Ilol PIiIYInE bilsoninl- I “'iI$ VCIY (22] meet with inspectors at various stages of construction to
ml muon involvud in $PoII5· Bm- Yon kno“’·W“okond$· Inin last get inspections done, make phone calls, meet with the
l?·’l ldnd of ming- So I had no onocl n'“'oI"€monI on 3 (24] subcontractors, meet with homeowners, you krtow, if I had
tsst sonsistsnt bnsis Worltintt lor his ¤on¤t>¤nY»no. l didn‘t· ust rsssous to most wml tttoutstuot just basically ssw the
PBQG 26 Page 28
lll O: OI*nY·Wno did no Sou Inc oonlPiInY to? {1] stage of construction from start to linish and help these
I?} Ai Hs sold ll Io [no Ulin CoI`PonnIon· {2] people move into their home. I wanted to learn that side
ts] Q: The chemical corporation? [3] Oy uw busiucsd
t4t Ar Their honis building division ul ol Amt you oxo mst for time or four years. Do
I$l Qi O·I·I·¤? [sj you remember what subdivisions or what areas you did it
(6) A: O—l-i-n. Same people that build the guns and [6] ju? ·
[7) the skis and — their chemical comp:tny.And then he m A; j douq SpcCmcal|y_ | ky-low wc had done a
lol I€III'od· ja] subdivision over on the west side of (0\\’l'1. Gosh, and the
lol Qi DIII Your oI'oIn€I` own i*nY of lhs €on`IPiIn}' whsn js] name escapes me right now.Vint:lge something, I
tint your dsd sold it? uu] believe. nut l could be wrong.
tht A= 1d<>n't bstisvs hc — uu os Ami when you soy Vintage, as it\'-a-n-t-age,
{i2; MR. MATHEW: Objection as to form. uu or v£.ug
lI3l THE WITNESS? I
ll5l ittttl - {ts] O: Oh,Vintage.
gis] A: Yes. I have an older brother. [mj A; Vimage,V-i-n-t-a-g»e.
II7l Qi WIl¤l`$ IIIS IVIIIIC? {17] Q; Okay. And was that — I mean, were they llancock
IIB} Ai His Ililmo is SI*IP· [ua] homes, or was it — the company name?
[ig] Q: Is he in the housing business, home building ug] A; The conjpany name,} b€|jgvc‘ and ] could bg
Pol I)n$Ino$$? ljzcj wrong on this, l'm just trying to recollect, I believe it
tan A: Xbu know, over thc — over thc years, hc's built pi] was the Greg Hlmeoek company, hut l‘m not lor certain.
lzzl ·' CouPIo ol snntl Con`In“’nIIIC$· I (-Ion·I IoaIIY dlsfuss ([22] Q: Okay. Were there otllcr builders inThe Vintage,
[23] what he does. I know he's been involved in land, limited ml or was u just _
{24) partnerships, those kinds of things. I le wasn't real [2,;] A; Nd u Wus jusl _ u was just u$_
{2s| crazy about the building business, like Greg and I were. Im] g; Ok;ly·_
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