KB Homes Pulls out of Charles County
March 19, 2008 by JonBenya · Leave a Comment
Actually, KB Homes has pulled out of Charles County and the entire Mid-Atlantic Region, it seems. In addition to MD, DC, and Virginia, they have also shuttered operations in Chicago, IL, and Albuquerque as well. This is in addition to a previous announcement that they have decided to cease operations in California.
What does this mean for people with KB contracts? They said they are finishing construction of lots that are being built, but they are not accepting new contracts, or fulfilling contingent contracts. It underscores the risk involved in purchasing new construction. You need to be sure that your builder is solvent in the current market!
~Jonathan Benya
Century 21 New Millennium
9405-A Chesapeake St
La Plata, MD 20646
301-609-9000
301-653-8116
Waldorf and Southern Maryland Real Estate
www.teambenya.com
