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	<title>Comments on: Levitt &#038; Sons files for bankruptcy</title>
	<link>http://www.smalltownretirement.com/wordpress/archives/55</link>
	<description>Best Small Towns and places to live-retire in America</description>
	<pubDate>Thu, 24 Jul 2008 23:51:34 +0000</pubDate>
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		<title>by: Frank C</title>
		<link>http://www.smalltownretirement.com/wordpress/archives/55#comment-7278</link>
		<pubDate>Thu, 27 Dec 2007 19:16:38 +0000</pubDate>
		<guid>http://www.smalltownretirement.com/wordpress/archives/55#comment-7278</guid>
					<description>This problem appeared in public last year, when people who tried to sell their Levitt built homes discovered liens wer on their property due to Levitt's failure to pay suppliers.  Sadly, the homeowner deposits will be among the last to be paid, meaning they will probably get nothing back.  Lienholders and other secure creditors will be among the first to be paid from Levitt's funds.  The articles we have read do not mention the GREC as a source of funds for this purpose.  I met with a guy who had made his deposit at Levitt's Seasons community in Canton, and he is now buying a home at Del Webb's Village at Deaton Creek in Hoschton, GA.</description>
		<content:encoded><![CDATA[<p>This problem appeared in public last year, when people who tried to sell their Levitt built homes discovered liens wer on their property due to Levitt&#8217;s failure to pay suppliers.  Sadly, the homeowner deposits will be among the last to be paid, meaning they will probably get nothing back.  Lienholders and other secure creditors will be among the first to be paid from Levitt&#8217;s funds.  The articles we have read do not mention the GREC as a source of funds for this purpose.  I met with a guy who had made his deposit at Levitt&#8217;s Seasons community in Canton, and he is now buying a home at Del Webb&#8217;s Village at Deaton Creek in Hoschton, GA.
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