Mona-if a builder is about to go belly up the headaches associated with buying into an incomplete subdivision or buying a home that isn't finished may be more than you are expecting. For example if a builder can't finish a subdivision likely they are filing for bankruptcy protection and the property will be sold under a court trustee. There can be mechanics liens, county bonds and more financial obligations that need to be worked out before the homes can be sold. And if a home isn't finished you may not be able to get financing to take on the project yourself.
Plenty of Northern Virginia builders are offering great deals and incentives on homes under construction or spec homes that are completed. I have buyers now who got a finished basement, extra bathroom and 10K towards closing on a house that is priced almost 100K less than the neighbors who bought a year ago. Just something to think about.
Would it not stand to reason that if they were going out of business they would not be building, or finishing, your house? Perhaps a mobile home is for you, then you can take it with you when you move.