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Old 11-21-2007, 11:11 AM
 
330 posts, read 1,367,939 times
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I just talked to our sales guy at Newmark. He said it's almost a certainty that TOUSA will file for Chapter 11, and his guess was that if TOUSA continues to experience problems, Newmark would likely be spun off as a separate entity. According to him, the source of TOUSA's problems are other states and subsidiaries, particularly Florida, but Newmark itself is very successful. He also said that if Newmark does experience problems, the customers will be the first to know.

Obviously someone from Newmark probably isn't the most unbiased source of info, but I feel content that we in Texas are safe.
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Old 04-02-2009, 06:48 PM
 
1 posts, read 3,156 times
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we are considering putting money down on a condo by Newmark in Thompsons Station Tennessee Good or Bad???
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Old 04-02-2009, 08:01 PM
 
2,185 posts, read 6,414,443 times
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Originally Posted by Lewis2014 View Post
we are considering putting money down on a condo by Newmark in Thompsons Station Tennessee Good or Bad???
They said they will be building for the next few years, they have to finish out their subdivisions. The warranties will be honored as well, I would still buy. They are a great builder!
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