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Judiciary & Civil Jurisprudence Arbitration Hearing, Video of Homeowners Testimony Advance to 1:55

Billions for Home Builder Corporate Welfare from Washington 
 New York Times, by Gretchen Morgenson
 
* Read and Post Remarks in The Huffington Post 
American Banking News: Tax Breaks Worth Billions to Big Business
* Related Articles:  NY Times: Building Flawed American Dreams 
* Rise and Fall of Predatory Lending and Housing
* Builders rake in refunds * See Forbes Magazine Article

Contact Congress: Arbitration Fairness Now!
SEN. FEINGOLD, REP. JOHNSON INTRODUCE MEASURE TO PRESERVE CONSUMER JUSTICE (See photos)
News Reports: Senate Passes Frankin Binding Arbitration Amendment  
   Public Citizen Report - Home Court Advantage
Become involved - Sign Petition: Fair Arbitration Now.com plus, Arbitration Resorces & Latest News

LATEST NEWS
Univision 41: Rivermist Press Conference Rally
Friday, 12 March 2010

La pesadilla contina en Rivermist
Las viviendas de ese complejo perdieron mucho valor  Video Report

 
WOAI News 4: Another illegal retaining wall
Friday, 12 March 2010

City concerned about retaining wall near sports stadium, Wurzbach Parkway
A retaining wall that sits just feet away from a Northeast Side sports stadium is the cause for some big concerns. Heroes Stadium is near Wurzbach Parkway and Thousand Oaks. City officials say a nearby retaining wall was illegally and incorrectly built...The retaining wall is not causing any problems right now. However, city inspectors told News 4 WOAI if the wall were to fail, it could cause some major damage to Wurzbach Parkway.

Read more...
 
Los Angeles Times: KB Former CEO Discribed by Prosecutor as Greedy Man Who Manipulated Stock
Friday, 12 March 2010

Contrasting portraits of former KB Home chief as trial opens
A federal prosecutor told jurors in his opening statement that Karatz was a greedy man who made more than $6 million in "secret pay" by manipulating stock option grant dates and then lying about it in regulatory filings and in interviews with lawyers and accountants. "He stole without shareholders' knowing about it and he used stock options to do it," Assistant U.S. Atty. Alexander A. Bustamante said."When he was asked about it, he lied. . . . He lied within the company. He lied outside the company."

Read more...
 
Wall Street Journal - Pulte-Centex Under Presure Agree to Buy Back Homes
Thursday, 11 March 2010

Pulte Offers To Buy Back Damaged Homes in Texas
The builder has not addressed other residents� complaints of reduced property values, leaving some angry. �We�ve worked all our lives for nothing,� resident Dell Hammett told the San Antonio Express-News. �It makes us sick.�  But since the collapse, six homes have sold at prices similar to before the slope�s failure, Ms. Dolenga said, a sign the community is holding value.  In late January, about 90 houses were evacuated following a �significant soil movement� underneath some of the homes.

Read more...
 
Austin-Stateman: Pulte-Centex to buy back Texas Homes
Thursday, 11 March 2010

Builder offers to buy homes in Texas landslide
The builder of a San Antonio development partially evacuated after a landslide in January has offered to buy back 27 homes. Spokeswoman Valerie Dolenga said Wednesday that Dallas-based Centex Homes is offering to buy back the homes because homeowners will likely need to remain evacuated for six more months. The homeowners had to leave Jan. 24 when a landslide began and a retaining wall split. Centex, which is owned by Bloomfield Hills, Mich.-based Pulte Homes Inc., said once it has approval from city officials, it will build a new $5 million retaining wall to prevent future landslides. Construction will take six months.

Read more...
 
Rivermist Residents Rallied Wednesday
Thursday, 11 March 2010

Centex Agrees to Buy Back Rivermist Homes
They are buying back homes, but some Rivermist residents are still not happy. Since a retaining wall collapsed in January, homeowners have been uprooted and some still are not back in their home. As Rivermist residents rallied Wednesday in front of their homes, the builder Pulte homes offered buy backs to the 27 homeowners still displaced.  Pulte homes says they will rebuild the entire retaining wall that collapsed. They are also promising to inspect all similar walls city-wide that are more than four feet tall and built within the last three years. FOX 29 Grace White Reporting

 
KSAT 12: Rivermist Community Comes Together
Thursday, 11 March 2010

Pulte To Buy Back 27 Rivermist Homes
The families who live in those homes have been under an evacuation order since the slope failed, causing structural damage to several homes, putting several others at risk. Wednesday evening, residents in the subdivision gathered in front of the damaged homes, and called on Pulte to do right by the remaining homeowners, some of whom say they have already seen serious structural damage to their homes, which they believe was caused by the slope failure. "Our issue is that Pulte doesn't want to talk to us," said John Schneider, who owns a home across from where the slope failed. "The only communication we've had from Pulte is through their attorneys. What we're looking is for for them to talk to us about taking care of us."

Read more...
 
River Mist Homeowners Protest
Thursday, 11 March 2010

Builder offers to buy back homes after landslide
The builder of a San Antonio development partially evacuated after a landslide in January has offered to buy back 27 homes. Spokeswoman Valerie Dolenga said Wednesday that Dallas-based Centex Homes is offering to buy back the homes because homeowners will likely need to remain evacuated another six months. The homeowners had to leave Jan. 24 when a landslide began and a retaining wall split.  WOAI 4 News Report

Read more...
 
KENS 5 Report: Resident Rally to get Homes Bought Back
Thursday, 11 March 2010

Hills of Rivermist residents rally, demand buybacks
It's been weeks since a massive retaining wall failure left an entire subdivision questioning the safety of their homes. Now, dozens from the Hills of Rivermist subdivision are demanding action by Pulte-Centex homes.  They say they are frustrated with the lack of progress.  Stacia Willson has the full story. KENS 5: Stacia Willson Reports

 
Rivermist Community Rallys for Buy Backs
Thursday, 11 March 2010

Buyback offers for 27 homes at Rivermist
Centex Homes will offer to buy back 27 homes in a Northwest Side neighborhood and plans to spend $4 million to $5 million to rebuild a massive retaining wall that collapsed Jan. 24. Carlos Pena, who bought a house a few months ago at the top of the slope, stood at his back door and pointed to where the earth fell away from his house. The area where his back porch once stood now drops straight down at least 10 feet and his entire backyard sank.He has received a buyback offer but said it doesn't address the stress his family has experienced. “It's not enough,” Pena said.

Read more...
 
Express-News Editorial Board - City Inspector Bribes
Wednesday, 10 March 2010

City inspector probe merits Council scrutiny
Misconduct by rank-and-file city employees is far less conspicuous than misconduct by city leaders. But it can be every bit as destructive to public confidence. When it involves the enforcement of city codes, it can pose even greater dangers to public safety...City Council should monitor the investigation's progress closely. The taint of impropriety can't be allowed to mar city government. Enforcement of the city's building code shouldn't be up for sale.

Read more...
 
Closed Door meeting by City and Builder Over More Shifting of Hillside
Monday, 08 March 2010

Soil still shifing along the Hills of Rivermist
Pulte-Centex homes says the soil is still moving in the Hills of Rivermist. New reports of cracks in walls had the homebuilder back on the site with engineers, doing soil testing. The company confirms it hasn't stopped the ground from shifting along some portions of the failed retaining wall.

Read more...
 
Star-Telegram - Bob Perry's Day in Court Cost Him $58 Million
Monday, 08 March 2010

Jury awards $58 million to Mansfield couple in home builder lawsuit
The Culls filed suit in December 2000 in an attempt to get Perry Homes to fix structural and foundation problems that started shortly after they moved into their 2,900-square-foot, four-bedroom house near Walnut Creek Country Club in 1996.The case became politically charged as it moved through the judicial process. Perry Homes is owned by Bob Perry, who has contributed heavily to judicial candidates and political action committees in Texas. Warranty Underwriters Insurance Co. in Houston is also a defendant. "It became more of a mission and less about the home," Cull said. "We're still in that battle."

Read more...
 
New York Times: Creaking Sounds of Foundations from Shifting Soil
Sunday, 07 March 2010

Shifting Soil Threatens Homes’ Foundations
STEVEN DERSE, the owner of a corporate travel business in Nashville, cannot feel his house move, but he can hear it. “It’s an eerie creaking sound,” he said, and it echoes throughout his two-story Georgian-style house.It started two years ago when a severe drought contracted the soil beneath the foundation, which caused it to crack and sink, pulling the house down with it. The noise has continued intermittently, becoming more insistent last year when flooding pushed the already compromised foundation and house back upward.

Read more...
 
Express News, Mark Eberwine weighs in on the 'Mud Lake of Rivermist'
Sunday, 07 March 2010

Little Rivermists are everywhere in San Antonio
What is going on over at the Hills of River Mist is just 'the tip of the iceberg' in San Antonio. The 'Mud Lake of Rivermist' would have been a more appropriate name. All over San Antonio and the surrounding areas just outside anybody's oversight, subdivision after subdivision have been built where thousands of homes have had foundations constructed on improperly prepared lots.

Read more...
 
Defective Chinese Leaves Familes Homeless
Sunday, 07 March 2010

Chinese drywall destroying homes and lives in Virginia
The list of defective products manufactured in other countries now includes chinese drywall.  And more than 100 families in eastern Virginia say they are living a chinese drywall homes nightmare because of it. "My child never had a bloody nose from the dawy we moved out of that house, and they had them constantly living in those houses."

Read more...
 
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