Homebuilder-Bankruptcy.com

The court has authorized Mercedes Homes to continue to honor obligations related to Customer Programs, including warranty claims. Two limitations:
First, it is not obligated to do so.
Second, Mercedes Homes cannot spend more than 1% of a home’s final sale price on warranty claims.
Take a look at our earlier post on the topic of [...]

Dunmore Homes revealed in its Disclosure Statement that it had significant contingent liabilities, including homeowner warranty obligations. Some of these warranties were insured by Premier Indemnity Co, but homeowners would claim directly against the home builder. There were about 150 homes covered by this kind of warranties. Note, however, that Dunmore Homes owed approximately $700,000 [...]