Current news for this company:
Ideal Homes - Residential
A small home builder in Punta Gorda, Florida, "Ideal Homes" has proven to be anything but (Couldn't resist). According to the southwest Florida Herald Tribune, Ideal Homes left about five homes incomplete, and was subsequently sold by its original owners. However, the old and new owners are now in a legal battle as to who is to blame.
The following account sums up the debacle, including the account of one of the would-be homeowners:
If you have any updates on the Ideal Homes court case fiasco, feel free to let us know.
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Important: This company is on our list of builder operations that have "imploded" (see also ailing lenders). This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid declines in enterprise value; or abnormal "bail-out" by corporate parents or peers in order to continue to operate. The builders may be residential or commercial.