McStain Homes files for a Chapter 11 bankruptcy after 45 years in business, stating “McStain will no longer be able to service your new home warranty.”

McStain NeighborhoodsMcStain Homes announced today that they have filed for Chapter 11 bankruptcy on May 28th, 2009.  The workout plan McStain is proposing is “to operate within the bankruptcy to complete and sell the homes that are finished or under construction using a small remaining group of key employees. (The Indian Peaks South Neighborhood and several recent homes under construction are operated in separate LLCs and are not a part of the Chapter 11.)”

Today’s press release from McStain owners Tom & Caroline Hoyt outlined that those of you who have purchased McStain homes, this filing means that McStain will no longer be able to service your new home warranty. You will now be responsible for calling your own service people when you have a problem. The names and numbers of the key contractors McStain used to build each home are listed inside one of the kitchen cabinet doors. For purchasers whose homes are still under construction, McStain will be purchasing a 3rd party warranty.

Please contact your Perry & Co. Agent with questions of how the McStain Bankruptcy may effect you, or for a list of reputable 3rd Party Home Warranty companies.

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2 Responses to “McStain Homes Files Bankruptcy”  

  1. 1 Bill Armstrong

    ProHome Colorado is the 3rd party warranty administrator that McStain is utilizing for their homeowners 1st year warranty. For additional information or questions please contact our office at 303.679.9090 or visit our website.

  2. 2 Perry & Co. Real Estate Professionals

    More information on McStain Homes’ partnership with ProHome Colorado click here:

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