UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): ~~June~~August 20, 2008

TOUSA, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)


Delaware	001-32322	76-0460831
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)

4000 Hollywood Blvd., Suite 500 N, Hollywood, Florida		33021
_________________________________ (Address of principal executive offices)		___________ (Zip Code)


Registrant’s telephone number, including area code:		954-364-4000

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Item 17.01 ~~Entry~~Regulation ~~into~~FD ~~a Material Definitive Agreement~~Disclosure.

On ~~June~~August 20, 2008, TOUSA and certain of its affiliates (the ~~United~~"Debtors") ~~States~~filed ~~Bankruptcy~~their ~~Court~~unaudited combined monthly operating report for the ~~Southern~~period ~~District~~July ~~of Florida~~1, ~~Fort~~2008 ~~Lauderdale~~to ~~Division~~July 31, 2008 (the "~~Bankruptcy~~Monthly ~~Court~~Operating Report") ~~entered~~with ~~that~~the ~~certain~~Bankruptcy ~~Stipulated~~Court. ~~Final~~Exhibit ~~Order~~99.1 ~~(I)~~to ~~Authorizing~~this ~~Limited~~Current ~~Use~~Report ofon ~~Cash~~Form ~~Collateral~~8-K ~~Pursuant~~contains the notice relating to ~~Sections~~the ~~105,~~Monthly ~~361~~Operating ~~and~~Report ~~363~~as offiled with the Bankruptcy ~~Code,~~Court. ~~And~~The ~~(II)~~Monthly ~~Granting~~Operating ~~Replacement~~Report ~~Liens~~is limited in scope, ~~Adequate~~covers ~~Protection~~a ~~and~~limited ~~Super~~time ~~Priority~~period ~~Administrative~~and ~~Expense~~has ~~Priority~~been toprepared ~~Secured~~solely ~~Lenders~~for (the ~~"Order"). A~~purpose ~~copy~~ of ~~the~~complying ~~Order~~with isreporting ~~attached~~requirements ~~hereto~~of asthe ~~Exhibit~~Bankruptcy ~~10.1~~Court and ~~incorporated~~the bytitle ~~reference~~11 ~~herein. Pursuant~~of to the ~~Order,~~United ~~TOUSA,~~States ~~Inc.~~Code (~~"TOUSA" or~~ the "~~Company~~Bankruptcy Code"). ~~and~~The ~~certain~~financial ofinformation ~~its~~contained ~~subsidiaries~~in ~~(together~~the ~~with~~Monthly ~~TOUSA,~~Operating ~~the~~Report ~~"Debtors")~~is ~~are~~preliminary ~~authorized~~and tounaudited ~~use~~and ~~Cash~~does ~~Collateral~~not ~~(as~~purport ~~defined~~to inshow the ~~Order)~~financial statements of any of the Debtors' ~~first~~in ~~lien~~accordance ~~and~~with ~~second~~accounting ~~lien~~principles ~~secured~~generally ~~lenders~~accepted ~~(approximately~~in ~~$358~~the ~~million)~~United ~~for~~States aof ~~period~~America of("GAAP") ~~six~~and, ~~months~~therefore, inmay aexclude ~~manner~~items ~~consistent~~required ~~with~~by ~~the~~GAAP, ~~cash~~such ~~collateral~~as ~~budget~~certain ~~attached~~reclassifications, toeliminations, ~~the~~accruals ~~Order~~and asdisclosure ~~Exhibit~~items. ~~"A"~~The ~~and~~Company ~~the~~cautions ~~Debtors'~~readers ~~borrowing~~not ~~base. The~~to ~~Order~~place ~~further~~undue ~~provides~~reliance ~~for~~on the ~~paydown~~Monthly ofOperating ~~$175~~Report. ~~million~~The toMonthly ~~the~~Operating ~~Debtors’~~Report ~~first~~may ~~lien~~be ~~secured lenders,~~ subject to ~~disgorgement~~revision. ~~provisions~~The ~~included~~Monthly inOperating ~~the~~Report ~~Order~~is ~~(the~~in ~~"Paydown")~~a informat ~~the~~required ~~event~~by ~~that~~the ~~certain~~Bankruptcy ~~claims~~Court ~~against~~and the ~~lenders~~Bankruptcy ~~are~~Code ~~successful~~ and ~~repayment~~should isnot ~~required. The~~be ~~Order~~used ~~also~~for ~~reserves~~investment ~~the~~purposes. ~~sole~~The ~~right~~information ofin the ~~Debtors~~Monthly toOperating ~~paydown~~Report anshould ~~additional~~not ~~$15~~be ~~million~~viewed toas ~~their~~indicative ~~first~~of ~~lien~~future ~~secured lenders~~results. ~~The~~ ~~Debtors~~Additional ~~are~~information ~~permitted~~about ~~under~~ the ~~Order~~Debtors’ tochapter ~~incur~~11 ~~liens~~cases ~~and~~pending ~~enter~~in ~~into~~the ~~sale/leaseback~~Bankruptcy ~~transactions~~Court, ~~for~~including ~~model~~access ~~homes~~to ~~subject~~the toMonthly ~~certain~~Operating ~~limitations.As~~Report, ~~part~~court ofdocuments ~~their~~and ~~agreement~~other togeneral ~~authorize~~information about the ~~Debtors’~~chapter ~~use~~11 ofcases, ~~Cash~~is ~~Collateral~~available ~~during~~online ~~the~~at ~~Budget~~www.tousadocket.com.Limitation ~~Period~~on ~~(as~~Incorporation ~~defined~~by inReference ~~the~~The ~~Order),~~Monthly ~~the~~Operating ~~prepetition~~Report ~~agents~~is ~~and~~being ~~lenders~~furnished ~~under~~for ~~the~~informational ~~Debtors’~~purposes ~~prepetition~~only ~~secured~~and ~~credit~~shall ~~facilities,~~not inbe ~~addition~~deemed to"filed" ~~the~~for ~~Paydown,~~purposes ~~have~~of ~~been~~Section ~~granted~~18 ~~various~~of ~~forms~~the ofSecurities ~~adequate~~Exchange ~~protection~~Act ~~including~~of 1934, ~~without~~as ~~limitation~~amended, ~~liens~~or ~~and~~otherwise ~~claims~~subject to ~~protect~~the ~~against~~liabilities ~~any~~of ~~diminution~~that insection, ~~the~~nor ~~value~~shall ofthey ~~the~~be ~~Prepetition~~deemed ~~Collateral~~incorporated ~~(as~~by ~~defined~~reference in ~~the~~any ~~Order),~~filing under the ~~payment~~Securities Act of ~~accrued~~1933, ~~but~~as ~~unpaid~~amended. ~~interest~~Registration onstatements or other documents filed with the ~~First~~U.S. ~~Priority~~Securities ~~Indebtedness~~and Exchange Commission (as"SEC") ~~defined~~shall innot incorporate the ~~Order)~~Monthly atOperating ~~the~~Report ~~non-default~~or ~~rate~~any ~~and~~other ~~the~~information ~~payment~~set offorth ~~reasonable~~in ~~fees~~this ~~and~~Current ~~expenses~~Report ofon ~~the~~Form ~~first~~8-K ~~and~~by ~~second~~reference, ~~priority~~except ~~agents. Additional~~as ~~information~~otherwise ~~concerning~~expressly ~~the~~stated ~~Debtors'~~in ~~chapter~~such 11filing. ~~cases~~This ~~pending~~Current inReport ~~the~~on ~~Bankruptcy~~Form ~~Court,~~8-K ~~including~~will ~~access~~not tobe ~~the~~deemed ~~Cash~~an ~~Collateral~~admission ~~Order~~as ~~and~~to ~~each~~the materiality of any information in the ~~exhibits~~report ~~thereto,~~that is ~~publicly~~required ~~available~~to ~~online~~be atdisclosed ~~http://www~~solely by Regulation FD.~~kccllc.net/tousa.~~

Item 1.02 Termination of a Material Definitive Agreement.

Effective June 20, 2008, the Senior Secured Super-Priority Debtor in Possession Credit and Security Agreement between and among the Debtors, Citicorp North America, Inc. and Citigroup Global Markets, Inc., was terminated in its entirety.

Item 9.01 Financial Statements and Exhibits.

~~(c) Exhibits~~99.~~The following exhibits are filed as part of this report:Exhibit 10.~~1 - ~~Stipulated~~Notice ~~Final Order (I) Authorizing Limited Use~~ of ~~Cash~~Monthly ~~Collateral~~Operating ~~Pursuant~~Report tofor ~~Sections 105, 361 and 363 of~~ the ~~Bankruptcy~~Period ~~Code,~~from ~~and~~July ~~(II) Granting Replacement Liens~~1, ~~Adequate~~2008 ~~Protection and Super Priority Administrative Expense priority~~ to ~~Secured~~July ~~Lenders~~31, 2008

Forward-looking statementsThis Current Report on Form 8-K (including the exhibits) may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of the Company and its management which are made with words such as “will,” “expect,” “believe,” and similar words. Any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to: (i) the Company’s ability to continue as a going concern; (ii) the ability of the Company to operate pursuant to the terms of ~~the~~its ~~Cash~~cash ~~Collateral~~collateral ~~Order~~order; (iii) the Company’s ability to obtain court approval with respect to motions in the Chapter 11 proceeding; (iv) the ability of the Company to develop, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 proceeding; (v) risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the Company to propose and confirm one or more plans of reorganization, for the appointment of a Chapter 11 trustee or to convert the cases to Chapter 7 cases; (vi) the ability of the Company to obtain and maintain normal terms with vendors and service providers; (vii) the Company’s ability to maintain contracts that are critical to its operations; (viii) the potential adverse impact of the Chapter 11 cases on the Company’s liquidity or results of operations; (ix) the ability of the Company to fund and execute its business plan; (x) the ability of the Company to attract, motivate and/or retain key executives and employees; (xi) the ability of the Company to attract and retain homebuyers and land purchasers; and (xii) other risks and factors regarding the Company and the home building industry identified from time-to-time in the Company’s reports filed with the SEC, including the risk factors identified in its Annual Report on Form 10-K for the year ended December 31, ~~2006, and its Quarterly Reports on Form 10-Q for the quarters ended March 31, June 30, and September 30,~~ 2007, which can ~~also~~ be found on the Company’s website at www.tousa.com. All information set forth herein is as of today’s date, and the Company undertakes no duty to update this information.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TOUSA, Inc.
June 24, 2008	By:	Angela Valdes
August 26, 2008	By:	/s/ Angela Valdes
		Name: Angela Valdes
		Title: Vice President and Chief Accounting Officer
		Title: Vice-President and Chief Accounting Officer

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Exhibit Index

Exhibit No.		Description
10.1		Stipulated Final Order (I) Authorizing Limited Use of Cash Collateral Pursuant to Sections 105, 361 and 363 of the Bankruptcy Code, and (II) Granting Replacement Liens, Adequate Protection and Super Priority Administrative Expense Priority to Secured Lenders
99.1		- Notice of Monthly Operating Report for the Period from July 1, 2008 to July 31, 2008

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