A lot of similarities between this story and the Champion Genesis Modular home we purchased. One difference is that we were able to keep the home after spending an amount equal to the original Champion Genesis purchase price to rebuild it in order to meet building code.
Championed stated that 80% of the assembly was completed in four days, perhaps that explains why I had to spend several months and tens of thousands of dollars correcting all the mistakes made during construction!!
What Goes Around...Comes Around, Maybe Even Bankruptcy?
It has been some time since I posted regarding Champion Enterprises, aka Champion Genesis Redman Modular Homes. Given the state of the real estate market, home building and particularly modular home builders, it just didn't seem necessary to continue to warn potential buyers about buying from Champion Genesis Modular Homes. However, given the pickle Champion manage now finds themselves in, it seemed like a post was needed.
The old adage, What Goes Around, Comes Around has come home to roost with Champion's management team. As anyone who has read this blog knows, Champion always treated the customer poorly when it came to customer service. A number of stories from people who have had to fix and or repair the home they purchased from Champion, with no help from Champion, are found throughout the postings. Slick marketing can only carry a company so far.
Now Champion may well be facing bankruptcy, having run out of time to pay its creditors and lenders. The lack of product quality brought on by pinching pennies and cheap materials, coupled with over hyped marketing has come around to bite them in the backside. It is a shame the workers will suffer through no fault of their own, they were more than capable of building quality homes, if management had left them alone and provided quality materials and backed it up with customer service.
Perhaps management with be booted out during the re-organization...What Goes Around Comes Around!
Champion Enterprises: What Goes Around Comes Around!
William Griffiths, chairman of Champion Enterprises, Inc stated...Since the beginning of 2008, we have idled or closed four plants in the U.S., reduced companywide staffing by 42 percent and curtailed other spending.
Champion Enterprises, Inc. received notification from the New York Stock Exchange that the Company is not in compliance with the exchange's continued listing standard
Champion's Share Price Reflects The Quality of Their Product
No surprise here, the price for a share of Champion Enterprises continues to wallow below two dollars. It closed at $1.70, down from a 52 week high of $11.63.
Take a minute and click on the link below. Kurt Lane's site details the numerous problems buyers of Champion Genesis Redman modular homes can and should expect after purchasing a Champion product.
I would also encourage buyers of Champion Genesis Redman modular homes who have experienced the same or similar problems to seriously consider joining in or at the very least participating in the discussion of a class action lawsuit. It may well be the only way to get Champion Genesis Redman's attention.
