<html>

<head>


<title>HOM Form 8-K </title>


</head>

<body lang=EN-US >



<p align=center style='text-align:center'><b><font size="2">&nbsp;</font></b></p>

<p align=center style='text-align:center'><b><font size="2">&nbsp;</font></b></p>









<p align=center style='text-align:center'><b><font size="2">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
WASHINGTON, DC 20549</font></b></p>



<p align=center style='text-align:center'><b><font size="2">FORM 8-K</font></b></p>

<p align=center style='text-align:center'><b><font size="2">&nbsp;CURRENT REPORT<br>
PURSUANT TO SECTION 13 OR 15(d) OF THE<br>
SECURITIES EXCHANGE ACT OF 1934<br>
&nbsp;</font></b></p>





<p align="center"><font size="2">&nbsp;Date of Report (Date of earliest event reported)</font><u><font size="2">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;May
31, 2005 (May 27, 2005)&nbsp;&nbsp;</font></u></p>



<p align=center style='text-align:center'><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
HOME SOLUTIONS OF AMERICA, INC.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
</font></u><font size="2">(Exact Name of Registrant as Specified in Its Charter)</font></p>



<p align=center style='text-align:center'><font size="2">&nbsp;&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;Delaware&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;<br>
</u></font><font size="2">(State or Other Jurisdiction of Incorporation)</font></p>



<p align=center style='text-align:center'><font size="2">&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0-22388&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;99-0273889&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
</u></font><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(Commission File Number&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(IRS Employer Identification No.)</font></p>



<p align=center style='text-align:center'><font size="2">&nbsp;&nbsp; <u>&nbsp;&nbsp;
5565 Red Bird Center Drive, Suite 150, Dallas, Texas&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
75237&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<br>
</u></font><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Address of Principal Executive Offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Zip Code)</font></p>



<p align=center style='text-align:center'><font size="2">&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(214) 623-8446&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
</u></font><font size="2">(Registrant's Telephone Number, Including Area Code)</font></p>



<p align=center style='text-align:center'><u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
&nbsp;</font></u></p>

<p align=center style='text-align:center'><font size="2">(Former Name or Former
Address, if Changed Since Last Report)</font></p>





<p style='text-align:justify;text-justify:inter-ideograph;text-indent:18.0pt'>
<font size="2">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:</font></p>

<p style='text-align:justify;text-justify:inter-ideograph;text-indent:18.0pt'>
<font size="2">[_] Written communications pursuant to Rule 425 under
the Securities Act (17 CFR 230.425)</font></p>

<p style='text-align:justify;text-justify:inter-ideograph;text-indent:18.0pt'>
<font size="2">[_] Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)</font></p>

<p style='text-align:justify;text-justify:inter-ideograph;text-indent:18.0pt'>
<font size="2">[_] Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>

<p style='text-align:justify;text-justify:inter-ideograph;text-indent:18.0pt'>
<font size="2">[_] Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
<p style='text-align:justify;text-justify:inter-ideograph;text-indent:18.0pt'>&nbsp;</p>
<p style='text-align:justify;text-justify:inter-ideograph;text-indent:18.0pt'>&nbsp;</p>
<p style='text-align:justify;text-justify:inter-ideograph;text-indent:18.0pt'>&nbsp;</p>













<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>





<b><font size="2"><br clear=all
style='page-break-before:always'>
</font>
</b>











<p><b><font size="2">Item 1.01.&nbsp; Entry into a
Material Definitive Agreement.</font></b></p>

<p style='text-align:justify;text-justify:inter-ideograph;
text-indent:36.0pt'><font size="2">As disclosed in a current
report on Form 8-K filed on April 6, 2005, on March 31, 2005, Home Solutions of
America, Inc., a Delaware corporation (the &quot;Company&quot;), in order to finance the acquisition
of 100% of Cornerstone Building and Remodeling, Inc., a Florida corporation (&quot;Cornerstone&quot;),
obtained $4,000,000 of mezzanine financing (the &quot;Financing&quot;) from Petra
Mezzanine Fund, L.P., based in Nashville, Tennessee (&quot;Petra&quot;).&nbsp; The Financing
was based upon the following terms: (i) Petra's promissory note (the &quot;Petra
Note&quot;) accrues interest at 12.0% per annum, which will be due quarterly, (ii)
the $4,000,000 of principal under the Petra Note will be due in a single
installment on March 31, 2010, (iii) Petra received a warrant to purchase 533,333
shares of Common Stock at an exercise of $.01 per share, exercisable at any
time until March 31, 2012, and (iv) Petra received a second-lien security
interest in all of the assets of the Company, Cornerstone, and P.W. Stephens,
Inc., another wholly-owned subsidiary of the Company.&nbsp; As disclosed in a
current report on Form 8-K filed on April 22, 2005, on April 18, 2005, the
Company increased the size of the Financing to an aggregate of $4,500,000, by
obtaining a $500,000 loan from Laddcap Value Partners L.P.</font></p>



<p style='text-align:justify;text-justify:inter-ideograph;
text-indent:36.0pt'><font size="2">On May 27, 2005, the Company
further increased the size of the Financing to an aggregate of $6,300,000, by
obtaining a $1,800,000 loan (the &quot;Patriot Loan&quot;) from Patriot Capital, L.P.
(&quot;Patriot&quot;), based in Baltimore, Maryland.&nbsp; The terms of the Patriot Loan are substantially
the same as &nbsp;the terms of the loans from Petra and Laddcap set forth above,
except the principal amount of the Laddcap Loan is $1,800,000, and 240,000
shares of Common Stock are purchasable by Patriot under its warrant (the &quot;Patriot
Warrant&quot;).&nbsp; Simultaneously with obtaining the Patriot Loan, the Company, Petra,
Laddcap, and Patriot amended and restated that certain Loan Agreement that was
executed on March 31, 2005.&nbsp; In addition to the Patriot Loan, Patriot has the
option of loaning the Company an additional $700,000 (the &quot;Additional Patriot
Loan&quot;) upon the completion of the audit of Cornerstone's financial statements.&nbsp;
If Patriot decides to advance the Additional Patriot Loan to the Company,
Patriot will receive an additional warrant to purchase 93,333 shares of Common
Stock at an exercise price of $.01 per share.&nbsp; Other than the Additional
Patriot Loan, the Company does not intend to further increase the size of the
Financing.</font></p>



<p style='text-align:justify;text-justify:inter-ideograph;
text-indent:36.0pt'><font size="2">The Company intends to use
the net proceeds from the Patriot Loan and, if received, from the Additional
Patriot Loan, to repay a seller's note that was executed in connection with the
Cornerstone acquisition.</font></p>



<p style='margin-left:54.0pt;text-align:justify;text-justify:
inter-ideograph;text-indent:-54.0pt'><b><font size="2">Item
2.03.&nbsp; Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.</font></b></p>

<p style='text-align:justify;text-justify:inter-ideograph'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; See the disclosures regarding the
financial obligations incurred in connection with the Patriot Loan in Item 1.01
above.</font></p>



<p style='text-align:justify;text-justify:inter-ideograph'><b><font size="2">Item 3.02.&nbsp;&nbsp; Unregistered Sales of Equity Securities.</font></b></p>



<p style='text-align:justify;text-justify:inter-ideograph'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; See the disclosures regarding certain
sales of equity securities of the Company in connection with the issuance of
the Patriot Warrant in Item 1.01 above.&nbsp; These issuances were unregistered, as
the Company was relying on the exemptions from registration contained in Section
4(2) of the Act, and Regulation D promulgated thereunder, on the basis that
such transactions did not involve public offerings of securities.</font></p>



<p style='text-align:justify;text-justify:inter-ideograph'><b><font size="2">Item 9.01.&nbsp; Financial Statements and Exhibits.</font></b></p>



<p style='margin-left:72.0pt;text-align:justify;text-justify:
inter-ideograph;text-indent:-36.0pt;text-autospace:ideograph-numeric ideograph-other'>
<font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<i>Exhibits</i>.&nbsp; </font> </p>



<p style='margin-left:36.0pt;text-align:justify;text-justify:
inter-ideograph;text-indent:-36.0pt'><font size="2">10.1&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; Amended
and Restated Loan Agreement, dated May 27, 2005, by and among Home Solutions of
America, Inc., Petra Mezzanine Fund, L.P., Patriot Capital, L.P., and Laddcap
Value Partners, L.P.</font></p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0pt;padding-right:0pt;
  padding-bottom:0pt;padding-left:0pt'>
  <p><font size="2">1</font></p>
  </td>
 </tr>
</table>

</div>

<font size="2">

<br clear=ALL>



</font>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>



<font size="2">



<br clear=all
style='page-break-before:always'>












</font>












<p style='margin-left:36.0pt;text-align:justify;text-justify:
inter-ideograph;text-indent:-36.0pt'><font size="2">10.2&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; Promissory
Note, in the original principal amount of $1,800,000, issued by Home Solutions
of America, Inc. to Patriot Capital, L.P., dated May 27, 2005, 2005.</font></p>



<p style='margin-left:36.0pt;text-align:justify;text-justify:
inter-ideograph;text-indent:-36.0pt'><font size="2">10.3&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; Stock
Purchase Warrant, dated May 27, 2005, issued by Home Solutions of America, Inc.
to Patriot Capital, L.P.</font></p>



<p style='margin-left:36.0pt;text-align:justify;text-justify:
inter-ideograph;text-indent:-36.0pt'><font size="2">10.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Joinder
to and Amendment of Investors' Rights Agreement, dated May 27, 2005, by and
among Patriot Capital, L.P., Petra Mezzanine Fund, L.P., Laddcap Value Partners
L.P., Home Solutions of America, Inc., Frank J. Fradella and Rick J. O'Brien.</font></p>
<p style='margin-left:36.0pt;text-align:justify;text-justify:
inter-ideograph;text-indent:-36.0pt'>&nbsp;</p>
<p style='margin-left:36.0pt;text-align:justify;text-justify:
inter-ideograph;text-indent:-36.0pt'>&nbsp;</p>
<p style='margin-left:36.0pt;text-align:justify;text-justify:
inter-ideograph;text-indent:-36.0pt'>&nbsp;</p>
<p style='margin-left:36.0pt;text-align:justify;text-justify:
inter-ideograph;text-indent:-36.0pt'>&nbsp;</p>
<p style='margin-left:36.0pt;text-align:justify;text-justify:
inter-ideograph;text-indent:-36.0pt'><font size="2">&nbsp;</font></p>
<p style='margin-left:36.0pt;text-align:justify;text-justify:
inter-ideograph;text-indent:-36.0pt'>&nbsp;</p>
<p style='margin-left:36.0pt;text-align:justify;text-justify:
inter-ideograph;text-indent:-36.0pt'>&nbsp;</p>









<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0pt;padding-right:0pt;
  padding-bottom:0pt;padding-left:0pt'>
  <p><font size="2">2</font></p>
  </td>
 </tr>
</table>

</div>

<font size="2">

<br clear=ALL>



</font>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>



<font size="2">



<br clear=all
style='page-break-before:always'>


</font>


<p style='line-height:1.0pt'><a name="id_7"><font size="2"></font></a>
<font size="2"><a name="id_8"></a>&nbsp;</font></p>







<p align=center style='text-align:center'><b><u><font size="2">SIGNATURE</font></u></b></p>



<p style='text-indent:36.0pt'><font size="2">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.</font></p>



<p><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home Solutions of America, Inc.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Registrant)</font></p>





<p><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:&nbsp;&nbsp;
</font> <u><font size="2">/s/ Rick J. O'Brien&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<br>
</font> </u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rick J. O'Brien<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Chief Financial Officer</font></p>
<p><font size="2">Dated:&nbsp; May 31, 2005 </font></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p align="center"><font size="2">3</font></p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0pt;padding-right:0pt;
  padding-bottom:0pt;padding-left:0pt'>
  <p align="center"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font></p>
  </td>
 </tr>
</table>

</div>

<font size="2">

<br clear=ALL>



</font>



<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>





<font size="2">





<br clear=all
style='page-break-before:always'>












</font>
<p><font size="2">&nbsp;</font></p>












<p align=center style='text-align:center'><b><u><font size="2">EXHIBIT INDEX</font></u></b></p>



<p><font size="2">Exhibit<br>
</font><u><font size="2">Number</font></u><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> <u><font size="2">Description</font></u></p>



<p style='margin-left:36.0pt;text-indent:-36.0pt'><font size="2">10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amended
and Restated Loan Agreement, dated May 27, 2005, by and among Home Solutions of
America, Inc., Petra Mezzanine Fund, L.P., Patriot Capital, L.P., and Laddcap
Value Partners, L.P.</font></p>



<p style='margin-left:36.0pt;text-align:justify;text-justify:
inter-ideograph;text-indent:-36.0pt'><font size="2">10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Promissory
Note, in the original principal amount of $1,800,000, issued by Home Solutions
of America, Inc. to Patriot Capital, L.P., dated May 27, 2005, 2005.</font></p>



<p style='margin-left:36.0pt;text-align:justify;text-justify:
inter-ideograph;text-indent:-36.0pt'><font size="2">10.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stock
Purchase Warrant, dated May 27, 2005, issued by Home Solutions of America, Inc.
to Patriot Capital, L.P.</font></p>



<p style="text-indent: -36pt; margin-left: 36pt"><font size="2">10.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Joinder to and
Amendment of Investors' Rights Agreement, dated May 27, 2005, by and among
Patriot Capital, L.P., Petra Mezzanine Fund, L.P., Laddcap Value Partners L.P.,
Home Solutions of America, Inc., Frank J. Fradella and Rick J. O'Brien. </font> </p>
<p style="text-indent: -36pt; margin-left: 36pt">&nbsp;</p>
<p style="text-indent: -36pt; margin-left: 36pt">&nbsp;</p>
<p style="text-indent: -36pt; margin-left: 36pt">&nbsp;</p>
<p style="text-indent: -36pt; margin-left: 36pt"><font size="2">&nbsp;</font></p>
<p style="text-indent: -36pt; margin-left: 36pt">&nbsp;</p>

<div class=MsoNormal align=center style='text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>







</body>

</html>
[{"type": "8-K", "sequence": "1", "filename": "hom8k1.htm", "secsgml_size_bytes": 22853}]
{"company-data": {"conformed-name": "HOME SOLUTIONS OF AMERICA INC", "cik": "0000855424", "assigned-sic": "8741", "irs-number": "990273889", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31711", "film-number": "05868028"}, "business-address": {"street1": "5565 RED BIRD CENTER DRIVE, SUITE 150", "street2": "-", "city": "DALLAS", "state": "TX", "zip": "75237", "phone": "2146238446"}, "mail-address": {"street1": "5565 RED BIRD CENTER DRIVE, SUITE 150", "street2": "-", "city": "DALLAS", "state": "TX", "zip": "75237"}, "former-company": [{"former-conformed-name": "NEXTGEN COMMUNICATIONS CORP", "date-changed": "20010814"}, {"former-conformed-name": "U S INDUSTRIAL SERVICES INC", "date-changed": "19980629"}, {"former-conformed-name": "EIF HOLDINGS INC", "date-changed": "19930621"}]}
HOM Form 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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)
May
31, 2005 (May 27, 2005)
HOME SOLUTIONS OF AMERICA, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
0-22388                                                                
 99-0273889
(Commission File Number                                   
(IRS Employer Identification No.)
5565 Red Bird Center Drive, Suite 150, Dallas, Texas                                      
75237
(Address of Principal Executive Offices)                 
                                   (Zip Code)
(214) 623-8446
(Registrant's Telephone Number, Including Area Code)
(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))
Item 1.01.  Entry into a
Material Definitive Agreement.
As disclosed in a current
report on Form 8-K filed on April 6, 2005, on March 31, 2005, Home Solutions of
America, Inc., a Delaware corporation (the "Company"), in order to finance the acquisition
of 100% of Cornerstone Building and Remodeling, Inc., a Florida corporation ("Cornerstone"),
obtained $4,000,000 of mezzanine financing (the "Financing") from Petra
Mezzanine Fund, L.P., based in Nashville, Tennessee ("Petra").  The Financing
was based upon the following terms: (i) Petra's promissory note (the "Petra
Note") accrues interest at 12.0% per annum, which will be due quarterly, (ii)
the $4,000,000 of principal under the Petra Note will be due in a single
installment on March 31, 2010, (iii) Petra received a warrant to purchase 533,333
shares of Common Stock at an exercise of $.01 per share, exercisable at any
time until March 31, 2012, and (iv) Petra received a second-lien security
interest in all of the assets of the Company, Cornerstone, and P.W. Stephens,
Inc., another wholly-owned subsidiary of the Company.  As disclosed in a
current report on Form 8-K filed on April 22, 2005, on April 18, 2005, the
Company increased the size of the Financing to an aggregate of $4,500,000, by
obtaining a $500,000 loan from Laddcap Value Partners L.P.
On May 27, 2005, the Company
further increased the size of the Financing to an aggregate of $6,300,000, by
obtaining a $1,800,000 loan (the "Patriot Loan") from Patriot Capital, L.P.
("Patriot"), based in Baltimore, Maryland.  The terms of the Patriot Loan are substantially
the same as  the terms of the loans from Petra and Laddcap set forth above,
except the principal amount of the Laddcap Loan is $1,800,000, and 240,000
shares of Common Stock are purchasable by Patriot under its warrant (the "Patriot
Warrant").  Simultaneously with obtaining the Patriot Loan, the Company, Petra,
Laddcap, and Patriot amended and restated that certain Loan Agreement that was
executed on March 31, 2005.  In addition to the Patriot Loan, Patriot has the
option of loaning the Company an additional $700,000 (the "Additional Patriot
Loan") upon the completion of the audit of Cornerstone's financial statements. 
If Patriot decides to advance the Additional Patriot Loan to the Company,
Patriot will receive an additional warrant to purchase 93,333 shares of Common
Stock at an exercise price of $.01 per share.  Other than the Additional
Patriot Loan, the Company does not intend to further increase the size of the
Financing.
The Company intends to use
the net proceeds from the Patriot Loan and, if received, from the Additional
Patriot Loan, to repay a seller's note that was executed in connection with the
Cornerstone acquisition.
Item
2.03.  Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
See the disclosures regarding the
financial obligations incurred in connection with the Patriot Loan in Item 1.01
above.
Item 3.02.   Unregistered Sales of Equity Securities.
See the disclosures regarding certain
sales of equity securities of the Company in connection with the issuance of
the Patriot Warrant in Item 1.01 above.  These issuances were unregistered, as
the Company was relying on the exemptions from registration contained in Section
4(2) of the Act, and Regulation D promulgated thereunder, on the basis that
such transactions did not involve public offerings of securities.
Item 9.01.  Financial Statements and Exhibits.
(c)
Exhibits
.
10.1        Amended
and Restated Loan Agreement, dated May 27, 2005, by and among Home Solutions of
America, Inc., Petra Mezzanine Fund, L.P., Patriot Capital, L.P., and Laddcap
Value Partners, L.P.
1
10.2        Promissory
Note, in the original principal amount of $1,800,000, issued by Home Solutions
of America, Inc. to Patriot Capital, L.P., dated May 27, 2005, 2005.
10.3        Stock
Purchase Warrant, dated May 27, 2005, issued by Home Solutions of America, Inc.
to Patriot Capital, L.P.
10.4        Joinder
to and Amendment of Investors' Rights Agreement, dated May 27, 2005, by and
among Patriot Capital, L.P., Petra Mezzanine Fund, L.P., Laddcap Value Partners
L.P., Home Solutions of America, Inc., Frank J. Fradella and Rick J. O'Brien.
2
SIGNATURE
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.
Home Solutions of America, Inc.
(Registrant)
By:
/s/ Rick J. O'Brien
Rick J. O'Brien
Chief Financial Officer
Dated:  May 31, 2005
3
EXHIBIT INDEX
Exhibit
Number
Description
10.1         Amended
and Restated Loan Agreement, dated May 27, 2005, by and among Home Solutions of
America, Inc., Petra Mezzanine Fund, L.P., Patriot Capital, L.P., and Laddcap
Value Partners, L.P.
10.2         Promissory
Note, in the original principal amount of $1,800,000, issued by Home Solutions
of America, Inc. to Patriot Capital, L.P., dated May 27, 2005, 2005.
10.3         Stock
Purchase Warrant, dated May 27, 2005, issued by Home Solutions of America, Inc.
to Patriot Capital, L.P.
10.4         Joinder to and
Amendment of Investors' Rights Agreement, dated May 27, 2005, by and among
Patriot Capital, L.P., Petra Mezzanine Fund, L.P., Laddcap Value Partners L.P.,
Home Solutions of America, Inc., Frank J. Fradella and Rick J. O'Brien.