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According to a report from the Triangle Business Journal, Maryland based PCS Homes with strong ties in the Raleigh area is in Chapter 11. Companies can use Chapter 11 to reorganize thier business or personal assets and debts, but can also be used as a mechanism [...] Don’t be afraid of credit counselors, be informed. If you need help, do your research and get references first. They don’t make the debt go away, they help you manage it. [...] Let me start this post by saying that this is not all bad. There are normal ups and downs in the real estate industry and we all knew bankruptcies would increase through this downturn. I just want you all to be aware this is a normal course of business and that our market is still performing [...] Following is a letter I received in response to [...] I am posting links to these stories, just in case you missed them from earlier this week: Slow sales hurt veteran builder Anderson Homes and Vanguard Homes are restructuring to keep their heads above water. Anderson has cut their work force by 75%. [...] Home builders are suffering and the effect it’s having on homeowners is cause [...] |
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Stalk Jason