When Builders Go Belly Up, Recent Homebuyers In Partially Complete Developments Get Hammered

The following links are to stories of what happens to recent new-home buyers when their builders go bankrupt, leaving their developments unfinished:

• Nashville, Tennessee: Homeowners Feel Pain Of Bankrupt Builder (Corinthian Went Into Bankruptcy In February),
• Antioch, Illinois: When Builders Go Broke (Chicago-based Neumann Homes went bankrupt last November, leaving a trail of wreckage in its path. Its worst victims? Homeowners),
• Gilbert, Arizona: Unfinished subdivisions in east Gilbert grinding to a halt (Foreclosures spread to developers' vacant lots).