Protecting consumers, promoting business
...BBB statistic claiming for every one complaint the organization receives, there are twenty problems never reported...From KB Homes to David Weekley to Royce and Perry, Parsons said the growing trend in building new, damaged and defective homes, however, is a problem which the BBB is looking at..."Something very bad is going on and for the first time, I am starting to wonder whether we are going to be able to keep homebuilders as members," Parsons said... In 2003, after homebuilders successfully lobbied the state legislator for a new state agency to protect them against lawsuits, the Texas Residential Construction Commission (TRCC) was formed. Since the TRCC's inception, Parsons said nothing but problems and issues arose..."Our mandate on the TRCC is that it is the law, but it is not a good law. We don't like laws like this; we want businesses to play fair."... "Half the builders hate that law. They saw some of the zealots start to affect their industry, not because they were bad but because other builders were bad," Parsons said. Furthermore, Parsons said the TRCC hurts the good builders left in the industry. "It is a terrible law. It is interesting that you look at the homebuilders who backed the TRCC law have gone south with us-Weekley, Royce and Perry."

Loan defaults a growing burden for lower-income neighborhoods
Home loan failures have more than quadrupled in Mecklenburg County since 1999. More foreclosures are filed here, per person, than any other county in the state. On average, 11 Mecklenburg houses are sold in foreclosure auctions every business day. The owners are evicted, their credit ruined, and they face thousands in court fees and moving expenses.

Neighbors Say Homes Were Built on Hidden Garbage Dump
Some neighbors in Orchard Park are concerned about a possible coverup, saying their homes were built on a hidden garbage dump. Investigative Reporter Luke Moretti has more on a developing story that we brought you first on News 4. Mike and Cindy Honer and Kristin Matteson say they want out. Orchard Park Homeowner Kristin Matteson: "I don't want anything to do with this subdivision. I don't want to drive by the Ryan Home Model every day. I just want to move my kids and my family to a safe environment."

Florida & California overvalued homes - Texas & Alabama homes values lowest
Sixty-five of the nation's 299 biggest real estate markets are severely overpriced and subject to possible price corrections.The report named Naples, Florida as the most overvalued of all housing markets in the United States. A single-family, median-priced home there sells for $329,970, 84 percent more than what it should cost -- $180,956 -- according to the analysis.