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Article: FL Homebuilder Now Winds Down.

Article from:
National Mortgage News
Article date:
March 30, 2009
Copyright

Byline: Jennifer Harmon

HOLLYWOOD, FL-After filing for Chapter 11 in January, homebuilder TOUSA Inc. here is now suspending efforts to generate new build-to-order sales.

The company said it is focused on completing and closing homes currently under construction, selling its remaining inventory of spec homes, and monetizing its land assets over time. TOUSA will continue to market and solicit offers for its assets.

The company is in discussions with various parties regarding a sale of its financial services businesses, Universal Land Title Inc., Preferred Home Mortgage Co. and Alliance Insurance Information Services.

It is also in ...

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