Gemcraft Homes, Inc. And its affiliates, in its Chapter 11 reorganization Beginning the case with 17 secured lenders and approximately $170 million in debt,. Aberdeen and Harford County offer a wealth of recreation from boating, fishing and other water oriented recreation, to golf, biking, hiking and much more.Wait no longer to combine Gemcraft Homes' quality and affordability with your dream home aspirations and make Gray's Run Overlook your home community today.Gemcraft Homes is building new homes.

'We are in the process of shutting down our active operations and moving into a mode to simply finish our homes under construction,' Ashford said. 'That (liquidation) seems to be the most appropriate resolution.' The company, formed in 1978, has about 300 houses under construction or completed and awaiting sale. Another 70 would-be buyers reportedly had signed contracts for Gemcraft homes, but those were not to be built until the FSLIC resolved the ownership question.Gemcraft has built about 25,000 homes, primarily in Texas but also in Oklahoma, Tennessee and Georgia.Gemcraft Homes' lead lender, First Texas Savings Association, took over the builder last year by foreclosing on Gemcraft stock backing a loan.

First Texas then was declared insolvent, allowing the company to fall into the hands of the FSLIC.FSLIC spokesman David Colgren Monday said the FSLIC considered three bids and determined that they were inadequate. He said the FSLIC was looking at a variety of options for the company, but he declined to discuss them.Ashford refused to place blame for Gemcraft Homes' fate.' The success of Gemcraft was closely tied to a business plan that we had developed when we were owned by First Texas,' he said. 'When we were no longer owned by First Texas, there was really not sufficient time to redevelop a new business plan.' FSLIC chose to market the company, and that was not successful and now we're in the situation we're in. It's a series of circumstances.

It's not my responsibility to assess blame.' About 150 employees of Gemcraft Homes and its sister corporation, MortgageBanque, will be laid off March 1, the company said.

Gemcraft has a working wesite and a phone number. Dunno what's up with that.Ronnieyeah, but this guy is in Houston, not Delaware, Pennsylvania, Maryland, Virginia, or West Virginia.There is a 'newer' company that operates in Houston that calls itself Gemcraft Homes, but, only since 2006. Small builder.Gemcraft Homes built many thousands of homes in the Houston, area in the late 70's and 80's. They went out of business in 89.Here is a 1988 Chronicle article. At that time, they were the largest builder in Texas. We almost bought a Gemcraft home back in 1988, but bought a closer in foreclosure instead.

They had some pretty nice floorplans.Most of the tract home builders will not release their floorplans, as they are their 'proprietary property' or such. We asked for one when we had our Emerald home built and they said no, but the supervisor let us make a full size photocopy of it. So at least I have something to go by.If you are planning major construction, and are in the city, you will probably need new plans drawn up for you.

Callbreak multiplayer. The cards of each suit rank from high to low A-K-Q-J-10-9-8-7-6-5-4-3-2.