Home Front caught up this morning with Sidney B. Dunmore, former head of failed Granite Bay-based Dunmore Homes,regarding a story going around in the building industry.
As the first local builder to go under as the housing bust gathered steam here in Sacramento, it was probably inevitable that Dunmore would be among the first rumored to be engaged in some kind of comeback.
Not so, Dunmore, 54, said in a phone conversation. Not yet. He has no new limited liability corporation to sniff around for land to start over.
“I’m always looking. I’m always looking at opportunities,” said Dunmore. “I can’t really say I’ve found anything at this time. But I’m still in the hunt if some opportunity pops up. But there’s nothing on the horizon.”
Dunmore Homes filed for bankruptcy in Nov. 2007 and was liquidated in Feb. 2008 – after more than a half century in business and construction of 22,000 homes. Dunmore described the current building industry economy in the capital region as “pretty flat.” But at least it’s finally stopped getting worse, he said.
Tags: bankruptcy, economy, Folsom, foreclosure, Foreclosures, interest rates, MDA DataQuick, Real Estate, REO properties, Sacramento, sacramento bee, Sacramento county, Smith Premier Properties, Tyler Smith, Tyler Smith Realtor
