More than 50 jobs are still at risk at the firm after Baker Tilly were called in last week.
A spokesman for the administrator told The Journal: ““We are actively marketing the business and we are already getting interest from buyers.
“There are never any guarantees with these processes but in this case we are hopeful of being able to rescue the business.”
The house builder – which was originally established in 1927 – was purchased by Cecil M Yuill Limited in 1993.
It is currently working on a single development site in Brierton Lane in Hartlepool and also owns a number of other sites for future development.
Steven Ross, a Restructuring and Recovery Partner at Baker Tilly in the North East, said: “Yuill Homes is a well-known brand in the North East housing market but, due to the high level of debt finance, was placed into administration to protect the value of its assets for the benefit of creditors.
“The Company will continue to trade while we seek a buyer for the business on a going concern basis.
“Our immediate priorities are to speak with employees, suppliers and other stakeholders as well as those people who are in the process of buying a new home from the company.”