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Old 11-16-2007, 08:31 AM
 
Location: East Tennessee
3,926 posts, read 10,319,610 times
Reputation: 5217

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Just a heads up to do your due diligence if you're planning on buying a new home. There are some great end of year sales, but be aware of the builder's financial situation. Tousa (aka Engle), Standard Pacific, and Beazer are mentioned in the following article from the St Pete Times:

Business: Builders brace for shakeout
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Old 11-17-2007, 12:53 PM
 
25,905 posts, read 39,205,212 times
Reputation: 13903
Kb homes fired the district manager for Tampa who did a bad job for this area and unfortunatelly a lot of great KB home workers were fired too. Windward just fired 35 people and in the new development in Wesley Chapel, they can't get a house sold. Better buy a good resale than right now with a builder that is in finacial trouble.
Moderator cut: post link
So better read and have things in writing, because once you close on the property, the builder is not answering any more and putting your house on the market can cost you a lot of money.

Last edited by Keeper; 11-18-2007 at 03:31 PM.. Reason: Post link to your information.. due to legal concerns
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Old 11-17-2007, 01:51 PM
 
Location: Imaginary Figment
11,456 posts, read 12,736,272 times
Reputation: 4760
Moderator cut: consumer complaint

Anybody know about the financial state of Mercedes homes by chance?

Last edited by Keeper; 11-17-2007 at 04:42 PM.. Reason: sorry consumer complaints not allowed
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Old 11-17-2007, 04:46 PM
 
13,773 posts, read 33,933,160 times
Reputation: 10562
Due to legal concerns please post links to consumer complaints or leave the builder names out of the post.
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Old 11-18-2007, 02:28 PM
 
25,905 posts, read 39,205,212 times
Reputation: 13903
If the newspaper may print the names why don't we? These are not gossip but facts as the builders have told the home owners. Isn't there also a first amendment?
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Old 11-18-2007, 03:32 PM
 
13,773 posts, read 33,933,160 times
Reputation: 10562
If the names are in the newspaper, post a link to that info. This is a privately owned site, please read the Terms of Service
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Old 03-13-2009, 05:56 AM
 
1 posts, read 3,681 times
Reputation: 11
Smile Mercedes' financial condition + a due diligence resource

Homebuilder-Bankruptcy.com is a good site for finding out about distressed or bankrupt home builders. I was just reading about the liquidity situation of Mercedes Homes there.

Homebuilder-Bankruptcy.com » Mercedes Homes - Liquidity through Use of Lenders’ Cash Collateral (http://www.homebuilder-bankruptcy.com/2009/03/mercedes-homes-liquidity-through-use-of-lenders-cash-collateral - broken link)

Last edited by Undeterred; 03-13-2009 at 06:14 AM.. Reason: Correct HTML Code and remove same from Post
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