Since: Sep 07

Antioch, IL

#63 Oct 24, 2007
The issue is not about Neumann per say, but should be about the people being hurt by this. Mostly the people that have down payments and houses either being constructed or yet to start. Odds are these people will not see a dime and will lose everything they put down. This could be $10 - 20K. This type of hit can not be absorbed by many without soeme financial hardship.

Neumann customer

Galesburg, IL

#64 Oct 24, 2007
If I ever decide to move, I don't think I will build new construction again after this. It never crossed my mind that a builder would go bankrupt and take everyone's deposits down with them. It seems so unfair! Now I'm hearing that many recently closed homes (I closed a month ago) have liens against them because Neumann failed to pay various contractors. Now I'm worried that mine could since I was one of the last people to close before this bankruptcy mess!
High Standard

AOL

#65 Oct 24, 2007
I would doubt that anyone of them will see a penny until this go's thru bankrupt court,from what I hear it could be two or three years before they get anything if at all. And thats too bad for them. It is a shame that this could happen to so many people that just wanted to own a home.
May be Chicken Little

Round Lake, IL

#66 Oct 24, 2007
Hey High Standard and everyone else - just like every other thing in all of these blogs, you are speculating and working each other into a frenzy without having the facts. Don't follow each other over a cliff!

I am told by an experienced builder that liens in such circumstances are routinely dismissed by a bankruptcy court. As far as Antioch 72 Res "odds" making, where did he/she get that "fact"? How do you know that? Answer, you don't, but obviously have way too much time on your hands. Bankruptcy laws are quite specific, and I suggest that before everyone self implode speculating, one of you that seems to know everything should check and find out if you do. Glad High Standard is listening so closely. I doubt very much that he/she even owns a Neumann Homes home. Most likely does not even live in the Village and never wanted the development in the first place.

Of course, it's much more fun to just bash everything without regard to the people you hurt along the way. Just remember, in life, what goes around comes around.
High Standard

AOL

#67 Oct 24, 2007
May be Chicken Little wrote:
Hey High Standard and everyone else - just like every other thing in all of these blogs, you are speculating and working each other into a frenzy without having the facts. Don't follow each other over a cliff!
I am told by an experienced builder that liens in such circumstances are routinely dismissed by a bankruptcy court. As far as Antioch 72 Res "odds" making, where did he/she get that "fact"? How do you know that? Answer, you don't, but obviously have way too much time on your hands. Bankruptcy laws are quite specific, and I suggest that before everyone self implode speculating, one of you that seems to know everything should check and find out if you do. Glad High Standard is listening so closely. I doubt very much that he/she even owns a Neumann Homes home. Most likely does not even live in the Village and never wanted the development in the first place.
Of course, it's much more fun to just bash everything without regard to the people you hurt along the way. Just remember, in life, what goes around comes around.
a literary giant heard from.Don't speculate on something you have very little or no knowledge(a experienced builder told me)There happens to be people out there that have just watched their home ownership dreams go down the tube.I wuold not blame them for so called 'self emploding"
Customer of Neumann

AOL

#68 Oct 24, 2007
Neumann customer wrote:
I was watching channel 5 news and they gave contact info for Neumann customers to call with questions. This web site won't let me post the phone number, but go to:
http://www.nbc5.com/newslinks/14402452/detail...
You will find the contact info there.
Thank you for information - I am one of the people who put down earnest money back in July 2007 - they didn't start construction because they were waiting on a permit - Any information given by anyone will be truly grateful to myself as well as others.
Customer of Neumann

AOL

#69 Oct 24, 2007
Thank you for information - I am one of the people who put down earnest money back in July 2007 - they didn't start construction because they were waiting on a permit - Any information given by anyone will be truly grateful to myself as well as others
Neumann customer

Galesburg, IL

#70 Oct 24, 2007
I think what we are most hurt by is the fact that many of us have large deposits tied up, homes under construction, and homes in unfinished communties and are quite worried about our futures. I know for myself and probably most others, my home is my biggest investment. I think Neumann homes is what is hurting people, not the poor people on this blog that are just looking for answers and a way to vent because they are very frustrated and scared. Leave the what goes around comes around speech for Ken Neumann, not us. He's the one who took everyone's money and ran.
May be Chicken Little

Round Lake, IL

#71 Oct 24, 2007
I think it did come around to Ken Neumann. And.... there is no way I can stop anyone from venting. But honestly folks, it is probably not good for anyone to jump to conclusions until you have the facts. I don't know for sure, but I would be hard pressed to believe that a bankruptcy by Neumann would put other creditors in front of people who made deposits. That simply does not make sense and would not be in line with anything reasonable. Try to keep that thought until you know for sure.

And as far as people with partially built homes, those homes were not being built with Neumann's money. Builders use banks to finance what are called interim construction loans. If I am correct, and I hope I am, lenders own your unfinished homes. And lenders are not going to want to see their money go down the drain with unfinished homes. They will get them completed with other contractors just to save themselves. Again, any other result is completely illogical .

The anger and anxiety is understandable, but my Mom taught me something a long time ago: Worry is interest paid before it is due. Get the facts and you will probably not worry so much!! Our country is built on laws that are more logical than everyone may be assuming. Get the facts. Get the facts. Get the facts. And by the way, you won't get them here unless someone who is a real estate bankruptcy law specialist happens to write in. I hope one does. Soon, for the sake of all the good people so horribly affected by this unhappy situation.
May be Chicken Little

Round Lake, IL

#72 Oct 24, 2007
High Standard wrote:
<quoted text>a literary giant heard from.Don't speculate on something you have very little or no knowledge(a experienced builder told me)There happens to be people out there that have just watched their home ownership dreams go down the tube.I would not blame them for so called 'self emploding"
It's not them I am worry about self imploding (by the way, it's spelled with an i, not an e). It's you. You seem to have opinions about everything in every blog. Why not be a constructive force for once instead of pouring gasoline on the flames? Or are you just someone who loves misery?
High Standard

AOL

#73 Oct 24, 2007
Once again a literary giant heard from.I have opinions on a lot of things.And just so you know if I loved misery I would live with you.P.S. none of the Neumann owners/buyers could give a crap what your mother taught you.
May be Chicken Little

Round Lake, IL

#74 Oct 24, 2007
High Standard wrote:
Once again a literary giant heard from.I have opinions on a lot of things.And just so you know if I loved misery I would live with you.P.S. none of the Neumann owners/buyers could give a crap what your mother taught you.
Maybe things will get better for you when you get a life of some kind. You clearly are completely oblivious to everything except your own tiny little world view. Avoid sharp objects and sudden stops and you should be able to muddle through.
Also from Neuhaven

Wheaton, IL

#75 Oct 24, 2007
High Standard wrote:
Once again a literary giant heard from.I have opinions on a lot of things.And just so you know if I loved misery I would live with you.P.S. none of the Neumann owners/buyers could give a crap what your mother taught you.
My my, you CAN be nasty. Maybe your Mother should have taught you a little more. Also, you do excel quite well at trying to be a 'one upper'.
JUST A LOOKING

United States

#76 Oct 24, 2007
May be Chicken Little wrote:
<quoted text>
Maybe things will get better for you when you get a life of some kind. You clearly are completely oblivious to everything except your own tiny little world view. Avoid sharp objects and sudden stops and you should be able to muddle through.
It seems to me that May be Chicken Little has had nothing constructive to say in all his/her blathering.Some interesting facts/notes have been brought forward by everyone except him/her. Another interesting thing is that the name change by May Be Chicken Little from post on other sites brought little to the mix on those sites.I must admit that the people that have been screwed out of money for their dream probable don't care what he/she's mother taught him/her.If those people want morality they will go to services on sunday they don't need life's lesson from May Be Chicken Little or whoever you want to be on different postings.However if you or your mother are bankruptcy attorneys than I take this all back and you may have the forum back with my apology.BUT say something constructive for a change and forget the wisdom of your life.
May be Chicken Little

Round Lake, IL

#77 Oct 24, 2007
JUST A LOOKING wrote:
<quoted text>It seems to me that May be Chicken Little has had nothing constructive to say in all his/her blathering.Some interesting facts/notes have been brought forward by everyone except him/her. Another interesting thing is that the name change by May Be Chicken Little from post on other sites brought little to the mix on those sites.I must admit that the people that have been screwed out of money for their dream probable don't care what he/she's mother taught him/her.If those people want morality they will go to services on sunday they don't need life's lesson from May Be Chicken Little or whoever you want to be on different postings.However if you or your mother are bankruptcy attorneys than I take this all back and you may have the forum back with my apology.BUT say something constructive for a change and forget the wisdom of your life.
Thank you. Finally a voice of reason with something to say that makes a difference for everyone. Not sure what you would like me to say that is "constructive". Get the facts, work through the issues, and don't assume the worst are all really terrible things to say, I admit it. I apologize to everyone who feels that your offering here is what they really needed. You are a real hero.
Just Curious

Lake Villa, IL

#78 Oct 25, 2007
home for sale wrote:
Although I feel very sorry for the clublands people, I don't think Neuhaven residents that have completed their warranty have to worry. Besides a lack of a softball field and basketball court, everything else is built. Hopefully our monthly assessment will go down because there is less to maintain. By the way, my home is for sale at www.1246bradford.com . We have just completed our warranty work with Neumann in August of 2007 so it is a brand new home with many upgrades without flaws.
I didn't realize Neuhaven had a monthly assessment. I knew that Clublands did because of the clubhouse, pool, bike path and other resort style amenities. If I'm not mistaken, Clublands assessments were somewhere around $50 a month. What does Neuhaven offer and what are their monthly assessments?
Just Curious

Lake Villa, IL

#79 Oct 25, 2007
This was written on April 22, 2006 at this website:
http://blog.constructionlawblog.net/archives/...
"Builder chief denies firm is in trouble; 'Most profitable year' for Neumann Homes": Ken Neumann, president of Warrenville, Illinois-based Neumann Homes, lashed out at other builders in connection with speculation the company is for sale or on the verge of bankruptcy. "No, the company is not for sale. I own the company," Neumann said Thursday. "This is the most profitable year in the company's history." Family-owned Neumann, which opened in Chicago in the early 1990s, is one of the largest of the remaining independent local builders. The company is the builder of megadevelopments such as the The Clublands in Joliet and The Clublands in Antioch. The firm is among the 50 biggest builders in the United States, with operations in Wisconsin, Colorado and Michigan as well as Illinois. In 2005 the company built 1,900 homes and had $518 million in revenue, Ken Neumann said. Neumann said he believes the rumors began when someone claimed, at a meeting of officials of rival Centex Homes earlier this year, that Dallas-based Centex was buying Neumann. Dan Star, president of the Illinois division of Centex, said he is unaware of any such statement and does not believe it was ever made. Whether or not that incident occurred, Neumann Homes recently raised eyebrows in local building circles when the company took the unusual step of auctioning 1,000 acres of land in high-growth suburban areas such as Huntley, Sugar Grove and Montgomery.

Is it Centex that is interested in taking over?
house for sale

Chicago, IL

#80 Oct 25, 2007
Just Curious wrote:
<quoted text>
I didn't realize Neuhaven had a monthly assessment. I knew that Clublands did because of the clubhouse, pool, bike path and other resort style amenities. If I'm not mistaken, Clublands assessments were somewhere around $50 a month. What does Neuhaven offer and what are their monthly assessments?
Neuhaven's is $30 per month. It covers the maintenance of the common areas (things in mary's park already built, water fountains, tot lots, gazebo's, sidewalks (I believe), walking paths, snow shoveling of streets (I believe), fences of common areas, etc). Vanguard management is the association. I called them up and it will not go down because the softball field and half basketball court was a joint effort with the Park District so they would maintain it. www.1246bradford.com .
Neumann customer

Galesburg, IL

#81 Oct 25, 2007
Just Curious wrote:
<quoted text>
I didn't realize Neuhaven had a monthly assessment. I knew that Clublands did because of the clubhouse, pool, bike path and other resort style amenities. If I'm not mistaken, Clublands assessments were somewhere around $50 a month. What does Neuhaven offer and what are their monthly assessments?
I live in Neustoneshire, and we have a Clublands community across the street from us as well.(Joliet/Plainfield area). My community (Neustoneshire) is not a clubhouse community but still has $12/month assessments that is supposed to be for lakes, parks, walking paths, lanscaping around the community.(Even though most of these things aren't even in yet!) Clublands by me has a higher assessment ($58/month) because they also have the clubhouse with pools, tennis courts, etc.) By me it sounds like it is opposite of Antioch. Clublands is nearly complete and has their clubhouse and amenities in already, but my community is very early on and is still basically a big construction site. But I think most all Neumann communties have an assessment, even the ones that don't have clubhouses.
Neumann customer

Galesburg, IL

#82 Oct 25, 2007
I wish Centex would take over so they would finish our communities! But I have no idea if that is true or not.

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