The company says more banks are shying away from investing in private homebuilders. Add that to the sluggish housing market, and Rottlund says they were forced to close.
Some homes in Oakdale are sinking, and that's an expensive problem
Several homes in a townhouse association in Oakdale are sinking, which is causing cabinets and baseboards to separate from the walls and floors. One homeowner tells KSTP that engineers told him fixing the problem would cost upwards of $70,000, and an attorney with the housing association says insurance will not cover it.