Finding Foreclosed or Short Sale Builder Homes
Any More CP Morgan Homes For Sale at Deep Discounts?
As you have probably heard, Indianapolis home builder, CP Morgan has had to go out of business due to the new home sales decline around the country. Previously ranked as one of the country’s 30 largest homebuilders, CP Morgan closed it’s doors late February 2009.
Owner Chuck Morgan has stated that the fall in sales in the real estate market made it impossible to stay in business. He believes more companies similar to his will continue to be swallowed up by the housing crisis across the nation.
CP Morgan had 27 communities in Indiana and 34 in Charlotte. Real estate experts said it was most likely that CP Morgan lost its line of credit.
Even though all CP Morgan says all homes completed will be honored by a residential warranty company, many wonder about the thousands of empty lots and unfinished neighborhoods.
More Builders in the Charlotte Area Close Doors and Foreclose.
Some builders such as D.R. Horton have held “Short Sale Events”, offering deep discounts on inventory. Over the past 3-4 months, we have witnessed more builders, and custom home builders showing signs of “leaving the area” while under distress with the current housing crisis. Short sales are also being performed on builder inventory. Extreme deep discounts on homes and model furniture are available.
Get on the List for Builder Distress Sale Information.
Have you registered for information on short sales? We have a weekly list available for all distress sales to include builder foreclosures and short sales. Register today to be included and get information on the many brand new homes available at EXTREMELY DEEP DISCOUNTS!
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