MD, NC-- James W. Thomasson Jr., owner of companies filing bankruptcy: MD Homes, Tidewater Land, Acorn Land and First Development Group, FPD of Prince Frederick, NC Homes, Breezewood Homes. Owed creditors/lenders many millions of dollars.
The Building Association of Washington, a generous contributor to conservative candidates and causes, has hit a rough patch. The group has lost millions in revenue in recent years largely due to the recession. It's embroiled in a lawsuit with the state attorney general, and is in the middle of a fight with its largest local association, which has also sued the BIAW. ...
Update on housing and mortgage industry's role in the economic mess, and how industry lobbying for more dangerous new laws aimed at benefitting the industry could make things worse for the rest of us.
KY--Court documents indicate that a cast of characters — including a home builder, lawyer, tax preparer, real estate agent and mortgage professionals — helped pull off the scam.
If you are buying a house with plastic PEX plumbing in place of the more traditional copper pipe, read this article. You need to know proper installation and code compliance requirements.
"Land brokers said several of the nation's builders, including D.R. Horton Inc. and M.D.C. Holdings Inc., have walked away from deals. In some cases, they forfeited the deposit..."
Home builders want an even bigger tax credit despite already extreme cost to taxpayers, but don't see point in lobbying for it unless it is a whopping $25,000. (As opposed to lowering prices to be in line with incomes.)
