Twenty-two years after it went into receivership, builders who made capital contributions to the HOW companies may be eligible to get some of their money back.
Many NAHB members invested in a company called HOW Corp over 20 years ago. Home Ownership Warranty Insurance Company (HOWIC) was a risk-retention group under the Home Warranty Corporation (HWC). The warranty company went out of business and into receivership many years ago. The company is now going through the liquidation process and many of the original investors are entitled to a return of their capital contributions. The problem is that because so much time has passed, some of the contact information for builders is outdated.
NAHB has created a website to help builders contact the administrator for HOW Companies and update their addresses. The background page is
available here.
