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Thoughts and Experiences from the Mile High City of Denver, Colorado

Neumann Homes filing for bankruptcy

Peter

Neumann Homes filing for bankruptcy Well it is official.  Neumann Homes has filed for Chapter 11 bankruptcy.  They have closed all their production, sales, and customer service offices.  They got hit hard by the housing slump and it looks like some acquisitions that they shouldn't have made.

According to a story in the Denver Post, Plummeting sales level builder, Neumann had planned on selling over 1,000 homes and were only able to sell 81 of them.

We have some unfinished homes in our neighborhood (Harmony Park) and they were to be auctioned off on October 3.  But it is not known how that sell went.  It would nice to see them finished, but I don't think that will happen soon with this filing.