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At the end of this post you'll find a link to an article about two home
builders who are in trouble, Levitt and Beazer.
Levitt is a South Florida based home builder and should have no impact to
consumers in this area. Beazer, on the other hand, builds throughout the area.
Beazer's credit rating has taken huge hits recently. It's cancellation rate is
at 68%. (Meaning that 68% of the people who sign a contract to buy one of their homes eventually back out.) And they're
restating earnings back to 2004 because of some irregularities. All this has the smell of a company in trouble. Read the
article and decide for yourself.
I wouldn't be giving a large deposit to Beazer right now. What happens if
they're not around to build that house? And how about the 1 year builder guarantee after you're in the house? And, should
things get worse and Beazer declares bankruptcy, you've got no chance of ever seeing that deposit again. Like I said, I
wouldn't do it with my money!
http://seekingalpha.com/article/49971-kiss-levitt-goodbye-and-pucker-up-for-beazer?source=d_email
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