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KB Home & HUD's $20M Mirasol Fiasco |
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Sunday, 28 August 2005 |
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Express News Special - U.S. Rep. Charlie Gonzalez pushes for answers in KB investigation
American dream now homeowners' nightmare
The empty houses in Mirasol, a West Side project paid for with federal tax dollars and owned by the San Antonio Housing Authority, sit in various states of deterioration, preyed on by vandals and thieves. |
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Canada's poorly built homes |
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Sunday, 28 August 2005 |
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Canada, Sandra Bullock & Texas |
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Sunday, 28 August 2005 |
Hollywood star's court win a victory for homeowners
"A victory for Sandra Bullock brings to an end a long, grueling trial that sends a loud message to lawmakers, the home-building industry and a message of hope for homebuyers of defective homes across the nation,'' said Jane Ahmad, president of Home Owners For Better Building, based in San Antonio, Texas. |
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DR Horton - Beware of New Home Contracts |
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Sunday, 28 August 2005 |
Home, late, home
As thousands of new houses rise in western Chatham County, some buyers are discovering - the hard way - that contracts can be weighted heavily toward the builder..."They're all about limiting the builders' liability," said Janet Ahmad, president of Homeowners for Better Building, a nonprofit advocacy group. "And if you've limited your liability, what gives you the incentive to even build the foundation right?" |
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Thursday, 18 August 2005 |
MSN Money
Insurers Keep A Secret History Of Your Home
A huge database not only tracks claims, it also looks for risks such as toxic mold. That's why homeowners with even minor water damage are being canceled -- and are sometimes unable to sell.
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Consumer Affairs: KB Homes Long History of Ignoring FTC Settlement |
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Tuesday, 16 August 2005 |
KB Home Customers Find FTC Penalties Inadequate
The recent penalty levied against KB Home by the Federal Trade Commission for violating a prior agreement is the latest in a long string of incidents associated with the Los Angeles home builder.In the words of frustrated homeowner Natalie Shanks, "We are left being subjected to discomfort or paying for careless mistakes that were not of our making, but that of KB Home and other builders like them." |
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New York Times - That Hissing Sound |
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Tuesday, 16 August 2005 |
That Hissing Sound
ABSTRACT - Paul Krugman Op-Ed column on signs that United States housing bubble has started to deflate. Housing prices move much more slowly than stock prices. There are no Black Mondays, when prices fall 23 percent in a day. In fact, prices often keep rising for a while even after a housing boom goes bust. So the news that the U.S. housing bubble is over won't come in the form of plunging prices; it will come in the form of falling sales and rising inventory, as sellers try to get prices that buyers are no longer willing to pay. And the process may already have started. |
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Tuesday, 16 August 2005 |
Monday Morning Mold August 15, 2005
In tracking mold stories over the last three years, I've realized that the job with the highest percentage of documented mold exposure is being a Governor of a state. To date, 8% of all governors (Texas, North Carolina, South Carolina and Louisianna) have had to be relocated from their Governor's Mansions because of mold. |
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KB Home Stock Down $10.95 – Foreclosures are up |
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Sunday, 07 August 2005 |
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FTC & HUD’s Flood of Complaints Prompt Investigations
The first-time homebuyer’s market elevated KB Home to one of the largest, most profitable homebuilders in the nation while the company was under federal investigation. Prompted by a flood of complaints and news media reports, HUD and the FTC began their inquiry of KB Home for its questionable building and business practices four years ago. Just 2 weeks ago the price of KB Home stock reached a new 52-week high of $85.45. However, following back-to-back fines by HUD of $3.2 million and FTC of $2 million, KB Home stock has fallen by $10.95 to $74.50 as of last Friday...official records confirmed that KB Home foreclosures soared to nearly 30% in at least one community studied, revealing that 1 in 4 families were involved in a foreclosure. The lowest foreclosure rate found in the study was 11.2%, and that KB home foreclosure rates are double the nearest competitor builder... 10/21/05 Related updated article:KB Home Stock Down $21.17 - Can Martha Stewart Help |
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KB Home Stock Down $10.95 – Foreclosures are up |
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Sunday, 07 August 2005 |
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FTC & HUD’s Flood of Complaints Prompt Investigations
The first-time homebuyer’s market elevated KB Home to one of the largest, most profitable homebuilders in the nation while the company was under federal investigation. Prompted by a flood of complaints and news media reports, HUD and the FTC began their inquiry of KB Home for its questionable building and business practices four years ago. Just 2 weeks ago the price of KB Home stock reached a new 52-week high of $85.45. However, following back-to-back fines by HUD of $3.2 million and FTC of $2 million, KB Home stock has fallen by $10.95 to $74.50 as of last Friday...official records confirmed that KB Home foreclosures soared to nearly 30% in at least one community studied, revealing that 1 in 4 families were involved in a foreclosure. The lowest foreclosure rate found in the study was 11.2%, and that KB home foreclosure rates are double the nearest competitor builder... 10/21/05 Related updated article:KB Home Stock Down $21.17 - Can Martha Stewart Help |
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FTC - Facts for Consumers |
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Sunday, 07 August 2005 |
FEDERAL TRADE COMMISSION
Warranties for Newly Built Homes: Know Your Options
For many people, a home is the most expensive purchase they ever make. It’s no wonder, then, that buyers of newly built homes are interested in warranties, which promise to repair or replace certain elements of the home, if necessary, within a certain time. According to the Federal Trade Commission, the nation’s consumer protection agency, if you’re considering a home warranty it’s important to understand what it covers, how to make a claim, and the process for resolving disputes that may arise between you and the builder or warranty company.
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