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Schumpeter Reincarnate


Joined: 24 May 2008
Posts: 217372

Re: Discussion on Choice Homes
PostPosted: Wed Feb 25, 2009 3:28 pm Reply with quoteBack to top

http://builder-implode.com/imp.....02-25.html
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DFWDeb
Dud?


Joined: 08 Jan 2009
Posts: 24

Re: Discussion on Choice Homes
PostPosted: Sat Feb 28, 2009 1:58 pm Reply with quoteBack to top

Doors are closed - Banks still have not decided if they will give Choice the money to complete the homes under construction.
Why would the banks want unfinished homes?
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Nelson
Dyn-o-mite!


Joined: 07 Nov 2008
Posts: 351
Location: Texas

Re: Discussion on Choice Homes
PostPosted: Sat Feb 28, 2009 10:11 pm Reply with quoteBack to top

By "doors closed" do you mean all the employees have been laid off.

The banks first instinct seems to always be don't spend another dollar and sell the foreclosed properties on an "as is" basis.

There are still Buescher, Royce, Colonade, Twinmark etc. homes all over town and the banks still haven't learned that finishing the home will mitigate the losses.

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