In an anticipated move, new home builder TOUSA today announced that it is filing for bankruptcy protection under Chapter 11: "TOUSA, Inc. and certain subsidiaries are filing voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code."In its press release TOUSA states that the filing includes ENGLE homes. Engle homes has local New Tampa presence in Live Oak Preserve and the Hammocks.
If you are under contract with them to have a house to be built, I would highly recommend that you speaker with your real estate agent. (I know it wasn't me.) If you did not have a real estate agent, I think it would be prudent to speak with an attorney.
Additional info. regarding the filing can be found in their PRESS RELEASE . Previous information regarding TOUSA and Live Oak Preserve has been posted by me at: www.NewTampaHomes.blogspot.com
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