09/25/2025
A former Douglas County homebuilder whose legacy includes millions of dollars in liens, more than $300,000 in fines, dozens of unfinished homes and numerous lawsuits, said he is broke and unable to pay his debts when he appeared in court Wednesday.
The case involves Leonard and Cynthia Billings, who in 2019 gave Russi $20,000 in earnest money for a house he was going to build them in Douglas County. Joseph Russi never built the home or paid the money back, according to court records. With interest and other fees, he currently owes the couple more than $37,000.
In December 2023, Douglas County Circuit Court Judge Kathleen Johnson ordered Russi to produce bank statements on all accounts for the last year: titles to all vehicles, deeds or property tax statements for all real property, payroll or earning statements for the last year, quarterly statements on all investment or retirement accounts for the last year and income tax returns for the last two years.
Russi failed to produce any of those documents, court records show. He also missed a mandated court appearance in January 2024, and another hearing in August of that year, resulting in Russi facing contempt of court charges.
A former Douglas County homebuilder whose legacy includes millions of dollars in liens, more than $300,000 in fines, dozens of unfinished homes and numerous lawsuits, said he is broke and