It funny that this keep popping up I have heard it was NOT sold and the new housing market is in the dumps I have a friend the works for GMC mortgage and he told me over the week end new housing is dead the foreclose rate is at all time high I can not see a developer buying up that land to build homes that will not sale and can not get a mortgage He told me by years end just try getting a mortgage will be a tuff also the mortgage companies are telling the builders that they are way to high in the price of new homes so if the grove was sold the developer will be in a losing battle just to break even
I don’t think it was sold they can build them BUT selling a new home then getting a fixed rate mortgage on an over price home is not going to happen it’s a lost that I can not see any developer going to make
