Arizona Real Estate Notebook

Trend Homes is back in business. Actually, the old Trend Homes is still in bankruptcy but it sold the name “Trend Homes” and “Classic Communities” and many of it’s assets such as homes, lots, computers and equipment to a brand new legal entity now called “Trend Homes” (they bought the name after all).

In fact, the new Trend Homes hired all the old Trend Homes employees.

Is this a trend?

The housing industry went down before the banking industry.

I wonder if this type of arrangement foreshadows what we might also see in the banking industry. That is, changes where not much changes except the old company’s debts are wiped out (more or less) through bankruptcy and a new owner comes in with a clean slate (more or less).