I am not sure. All I know is that a lot of staff was crying. lol Bakersfield completely shut down, only Burbank is left right now in So. Cal. Sales staff there was cut by 40%. Over 450 employees gone.
Apparently things are getting really ugly, as we all already know.
The person I know that word there. Yes, that did work there, said that he knows about 20 people that work for them that have their houses on the market as short sales. lol
I was a little suspect about this whole thing folding as much as it has, but now I believe that the whole thing is really going to hit. We should all be running for cover.