Banks’ Behavior in Builder’s Bankruptcy: Litigation Over Reorganization

Remember our earlier posts about banks hacking a path towards foreclosing on Village Homes of Colorado?
Shown below are part of the more memorable responses filed by Village Homes and the Committee of Unsecured Creditors. By the way, those of you interested in these Pre-Preforeclosure properties, Village Homes provided a list of all homes in its [...]

Fight between Lenders and Home Builder Over Short Sales

Village Homes of Colorado filed for Chapter 11 in Nov’08. One of the first few significant actions is to continue selling homes in the ordinary course of business. The home builder had 142 homes in inventory, 11 being completed homes under contract with a buyer, 79 being completed homes not under contract and the remainder [...]