Levinson Homes properties go up for foreclosure
Another big local builder of houses appears to be getting squeezed by the weak housing market.
Several properties owned by Levinson Homes, of Chesterfield, are set to be sold at foreclosure auction Thursday, according to St. Louis County public notices. The properties include dozens of lots in two developments, the Wynncrest subdivision in Wildwood and Terra Vista in Chesterfield. Prices in those developments began in the $600,000s and at $450,000, respectively.
The foreclosure proceedings were initiated by Levinson’s lender, Royal Banks of Missouri. Chief operating officer Mitchell Baden confirmed the auctions, but declined to comment further. Levinson Homes Chief Executive Ed Levinson did not return a message Tuesday.
Levinson has been building houses in the St. Louis area for more than 50 years and has completed more than 20 developments, mostly in west St. Louis County.
TIM LOGAN