Uh-oh, Our Builder Filed Bankruptcy. Now What?
by Brianna L. Schaefer, Esq.
In the past year, the tumbling housing market has claimed several large builders. When these builders file for bankruptcy, subcontractors stop working, leaving unfinished homes in various stages dotting communities. Crippling liens are placed on occupied homes, clubhouses are left uncompleted and swimming pools and parks are never built. What about the homeowners association? This article discusses some key areas that you can focus on to help your community recover.
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