Fairmont Homes Financial Situation

[richard]

In one of the previous posts Fleetwood & Patriot Homes financial problems were discussed and sounded bad. Does anyone know the how stable Fairmont Homes is at this time?

[andrew3d]

Richard, I would have responded to your question, but I did not know about this company. I did some research this morning for you. There is, or appears to be, a web site that discusses the company history as well as floor plans. It is http://www.fairmonthomes.com/

Also, I did do a Better Business Bureau scan for you.

Here is what I found:

[quote]
Name: Fairmont Homes, Inc.
Phone: (574) 773-7941
Address: P. O. Box 27

Nappanee, IN 46550-0027
Website: www.fairmonthomes.com
Original Business Start Date: January 1971
Principal: Mr. James Shea, CEO
Customer Contact: Mr. James Shea, CEO - (800) 777-8787
Entity: Corporation
Incorporated: July 1983, IN
Employees: 446
TOB Classification: Mobile Homes Distributors & Manufacturers
BBB Accreditation: This company is not a BBB Accredited business.
Additional DBA Names: Century Homes
Friendship Homes


BBB processed a total of 10 complaints about this company in the last 36 months, our standard reporting period. Of the total of 10 complaints closed in 36 months, 0 were closed in the last year.
These complaints concerned :
1 regarding Guarantee or Warranty Issues BBB Definition:

Guarantee or Warranty Issues - Claims alleging failure to honor the terms regarding guarantees or warranties.

1 - Disputed warranty coverage and/or terms

4 regarding Product Issues BBB Definition:

Product Issues - Claim alleging a product does not meet the expectations of the complainant, including defective merchandise.

2 - Defective, damaged, or incorrect product received
2 - None of the Above - Product Quality Complaint Issue

1 regarding Refund or Exchange Issues BBB Definition:

Refund or Exchange Issues - Claim of alleged failure to honor company policy or verbal commitment to provide refunds, exchanges, or credit for products or services.

1 - None of the Above - Refund or Exchange Complaint Issue

3 regarding Repair Issues BBB Definition:

Repair Issues - Claims of alleged incorrect diagnosis of a problem, delay in completion of repair, or inferior workmanship.

1 - Delayed completion of repair
1 - Improper or inferior repair
1 - None of the Above - Repair Complaint Issue

1 regarding Sales Practice Issues BBB Definition:

Sales Practice Issues - Claims of alleged sales presentations made in person or by telephone that contain misrepresentations of the product or service, high pressure sales practices, failure to disclose key conditions of the offer, and verbal representations not consistent with written contractual terms or agreements.
[/quote]


Also, another thing you can is call them. Ask them if there are any job openings there. If they are hiring or at least replacing those that leave the company, they're probably doing OK financially. That's just one clue, nothing more can be read into it.

I am sorry I cannot help you more. Do your own check with the Better Business Bureau, and you can even call the company and ask questions. If they evade them, then that is a red flag.

Good luck.

[trmimo]

Fairmont is listed with Dunn and Bradstreet. If you pay the fee for the report you can get a real picture of the health of the company. Any advice you would get here is pretty much just speculation.