As Sky Falls, Condos Look For Protection [Tampa Bay Area]

As Sky Falls, Condos Look For Protection [Tampa Bay Area] When the foreclosure filing came last month, developer Fida Sirdar determined the only way to save The Place at Channelside condominium was to file for bankruptcy reorganization. It was either that, he said, or hand the keys over to the bank and walk way. “Generally, …

Mortgage Mess Hits Home For Nation’s Small Builders

Mortgage Mess Hits Home For Nation’s Small Builders In the first wave of the housing crisis, homeowners across the U.S. lost their properties to foreclosure. Now, many of the nation’s small and midsize home builders are on the ropes. Bill Whitlatch, longtime owner of one of the leading home builders here in northeast Ohio, is …

Builder’s owner files for Chapter 11 [South Florida]

Builder’s owner files for Chapter 11 [South Florida] The majority owner of Sunland Homes has filed for Chapter 11 protection in the Southern District Court of Florida, leaving the future of its local developments in question. Craig Kelley, an attorney for the Palm Beach County-based Frank E. Young Family Partnership, which owns 51 percent of …

Two Projects in Default Dog Big Home Builders [Las Vegas]

Two Projects in Default Dog Big Home Builders [Las Vegas] Two massive housing developments in Las Vegas, involving several of the nation’s largest home builders, have received default notices on about $765 million in debt, according to one of the partners in the projects. John Ritter, chief executive of Las Vegas-based Focus Property Group, says …