Transeastern Homes' troubles continue.  The parent company of the developer for Live Oak in New Tampa, TOUSA is involved in multiple lawsuits.  Transeastern lost $468 million in the year ending November 30th and TOUSA's stock has fallen from close to $30 to below $4 per the St. Petersburg Times.  The Times further reports that "since June 2006 Transeastern Homes obtained only four building permits for Live Oak and nearby The Hammocks".  Additionally, nearly 50 earlier permits expired due to inactivity.  Clearly this has caused concerns for owners of homes in Live Oak and townhomes in the Hammocks, both New Tampa communities.
 

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Real Estate Agent: Russ Perlowski  -- Tampa Real Estate (People's Choice Realty Services LLC)
Russ Perlowski -- Tampa Real Estate
Tampa, FL
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People's Choice Realty Services LLC

Office Phone: (813) 494-2124
Cell Phone: (813) 494-2124
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This Tampa Real Estate Blog provides information on Tampa market conditions, detailed information on Tampa Communities, and is filled with photos of Tampa. Also visit my Tampa Real Estate Website: www.TampaHomesOnTheWeb.com for information on new homes for sale, virtual tours, tampa condos for sale. Want information on New Tampa & Wesley Chapel? Visit: www.newtampahomes.blogspot.com. “Hablo español.”

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