Homebuilder-Bankruptcy.com

Jun’09 News Flash: Post-Petition Financing Deal Fallen Apart; Fire Sale of Properties Begin
John Laing Homes is undergoing impending liquidation ever since the financing deal fell apart and it has been converted to Chapter 7. We have a list with John Laing real estate properties if you are interested in picking up any properties at a fire sale [...]

John Laing Homes’s CRO declared that the expected rate of return on investment on distressed homes is around 18-20% and that such residential properties are routinely sold in bulk to speculators at 20-25 cents on the dollar.

A number of entities in the Ginn corporate group filed for Chapter 7 in Dec’08. These are companies involved in 2 upscale residential and resort community projects – Tesoro in Port St Lucie, Florida, and Quail West in Naples, Florida, where they sell single-family units and condominium units.
Even though Chapter 7 proceedings generally involve fire-sale [...]

There has been escalating conflict between Village Homes of Colorado (which filed for Chapter 11 in Nov’08) and its lenders. See our earlier post – Fight between Lenders and Home Builder Over Short Sales.
The builder has been in a precarious position, given that it is unable to reach an agreement on post-petition financing from existing [...]