It's about time some of the builders take responsibility for the current housing market and do something to help correct it. So, we are very proud that leading
Atlanta active adult builder. Jim Chapman Communities, Inc. recently announced the launch of Jim Chapman Construction Services, LLC (JCCS). The new company is a full-service general contracting firm that will assist banks and investors in their completion of foreclosed homes or REO (real estate owned) properties. Due to the current downturn in the housing market in the Atlanta metro area, many builders have been forced into foreclosure to release their assets back to the banks that issued the loans on the properties. Many banks are now finding themselves with multiple properties in an incomplete state. These distressed properties are in dire need of completion or risk permanent devaluation.
As a professional homebuilder still comprised of a strong team of both corporate and field staff, JCCS now offers its homebuilding expertise to certain banking and investor partners. “This is a great opportunity to diversify and to build up our banking and investor relationships. While we are unfortunately experiencing a slowdown in
Jim Chapman Communities’ business, we can continue to keep our staff as well as our subcontractors busy through JCCS activities,” says the company’s president, Jim Chapman. To date, JCCS’ largest and most notable clients include SunTrust Bank and Resource Real Estate Partners, LLC.
Way to go Jim Chapman!!
