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Builders and Bankruptcy
If looking for New construction insure your builder is financially secure. I have heard on more than one occasion where people buying new construction have been burned on work liens, not enough money to finish the job etc. Do your home work and check in to the builder before you begin the process.
MW Johnson has recently filed bankruptcy in all of their developments and each development will go back to the respective bank who funded the project. Title should transfer sometime this month. The uncompleted units, should in most cases be treated as “New construction” and would still give buyers options to pick all the colors and styles of the furnishings. Protect yourself and your investment!
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