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Legend - Latest News
Schertz - 2 Year Old Pulte Homes Torn Down
Thursday, 20 September 2012

Pulte demolishes homes beyond repair
It's been an unstable situation for months. In November of 2011 homeowners began to report cracked foundations. The two homes demolished Wednesday morning couldn't be repaired, so for now Pulte is paying for housing for the two families until their homes are completed in December.

Read more...
 
Schertz Defective Pulte Home Demolished
Thursday, 20 September 2012

FOX 29 Builder Demolishes Schertz Homes  See video report...
Pulte Homes is demolishing homes that it built in Schertz. Homeowners in the Fairhaven subdivision say they've had foundation problems which have led to numerous issues. Today, Pulte started the demolition process on two homes. Neighbor Melinda Ruiz says, "Well, it just kind of proves everything we've been saying. There's stuff wrong with this neighborhood."  Pulte released a statement which says it will demolish and rebuild several homes in the community. It says the work should be done by the end of the year.Builder Demolishes Schertz Homes See video report...   Schertz Homes.  See video report...

 
EDITORIAL OPINION: Home Builder Profits will be Greater
Sunday, 19 August 2012

EDITORIAL OPINION: Home Builder Profits will be Greater
The history of homebuilding is littered with controversy. The industry has successfully perfected the art of marketing illusions of not so well-built new homes with emboldened promotions that overstate values of worthless warranties. Dishonesty proved to be highly profitable on the way to becoming giants of the home construction industry, but proved to be mere pocket change compared to its major roll played in the world market of big time mortgage fraud; proving that crime does indeed pay...As Investment Bankers and Wall Street Tycoons are called to answer before Congress, their homebuilding counterparts are conspicuously absent to explain their massive lending fraud that played significantly in the collapse of the nation’s economy.
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WARNING: Big Business of HOA Binding Arbitration
Sunday, 19 August 2012

High Court Finds Arbitration Clauses in CC&Rs Enforceable
An arbitration clause in a declaration of covenants, conditions, and restrictions for a condominium process may be binding on a homeowners’ association, even though such an entity did not exist when the CC&Rs were recorded, the state Supreme Court ruled yesterday.

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ANOTHER TERRIBLE BINDING ARBITRATION DECISION FOR CONSUMER
Sunday, 19 August 2012

Developers Earn Major Victory in California Supreme Court Regarding Enforcement of Arbitration Provisions in CC&Rs
...
the California Supreme Court issued a significant opinion ...holding that arbitration provisions in recorded Covenants, Conditions and Restrictions (CC&Rs) are enforceable by a developer unless proven to be unreasonable. ...This decision represents a major victory for developers who can now expect that most of these provisions will be enforced, eliminating the risk of potentially excessive jury verdicts.

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Blackstone: Pulte's First Lemon Buy Back
Thursday, 16 August 2012

Pulte House #1 Buy Back
The home owners, Jim & Martha Blackstone, closed on their Pulte home on June 20, 1997 and immediately began to have lots of problems with their Pulte home.

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Pulte Homes Under FBI Investigation
Wednesday, 01 August 2012

FBI looking into Fairhaven
An FBI official said it has begun a probe into whether Pulte Homes intentionally concealed information about unstable soil conditions in the Fairhaven subdivision on Builder's Certification forms. The forms must be filled out by the home builder when a home buyer applies for a Federal Housing Administration-insured mortgage. “This is a preliminary inquiry to gather facts to see if it warrants a full-blown investigation,” said Special Agent Erik Vasys, spokesman for the San Antonio FBI office. The inquiry is being conducted by both the FBI and the U.S. Department of Housing and Urban Development, which oversees the Federal Housing Administration.

Read more...
 
Pulte Builds on Cemetery Land in Nashville
Friday, 27 July 2012

1800s family laid to rest once more
Twenty-year-old Sheila Carter was first buried beside her family members in 1889. Dirt and vegetation hid her tombstone until Brentwood homeowner Steve Jones ran over it with his lawn mower two years ago. A team of seven archaeologists is now moving Carter's body and eight others from the Jones' back yard into a small cemetery nearby.
Nashville developer Pulte Homes, formerly Radnor Homes, is paying for the removal of the bodies, an arrangement reached in Chancery Court last month. According to state law, landowners cannot sell land with graves on it without informing the buyer the bodies are there.

Read more...
 
Pulte-Centex: After Five Years, 4,317 Sun City Homeowners Struggle with Defective Homes
Friday, 20 July 2012

Hundreds of Sun City homeowners seek answers on class-action lawsuit
Hundreds of Sun City Hilton Head homeowners crowded the Bluffton High School auditorium Thursday for an update on a class-action lawsuit claiming rampant defective stucco work in the retirement community. Lawyers who hope to represent them said they expect the five-year-old case to move forward in the courts soon.  Sun City residents may see people taking pictures of their homes soon if they haven't already noticed them, Seekings said.  That's because lawyers are already preparing to send 4,317 "Right to Cure" notices to Pulte, he said.

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Pulte Homes Foreseeable Hazards
Thursday, 12 July 2012

FBI, HUD investigating Fairhaven homebuilder
The FBI and the U.S. Department of Hoursing and Urban Development  are investigating whether a builder lied on HUD forms for the Fairhaven neighborhood. The agencies are looking into complaints that Pulte Homes improperly filled out builder's certification forms. There's a separate form for every house, and they're required so homebuyers can receive government-backed mortgage loans. One section of the form asks about foreseeable hazards or adverse conditions. Among the questions it asks: Does the site have inadequate surface drainage, unstable soils, excessive slopes or earth fill, and will the foundation sit on fill?
What Pulte does not want the public to see

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Pulte Homes Hiding, Patching and Ignoring Home Problems
Thursday, 12 July 2012
Shifting and shuffling: Fairhaven residents say foundations are slipping

Obviously it’s not just the soil. It’s that something has seriously gone wrong here,” said Janet Ahmad with Homeowners for Better Building, a non-profit group that is seeking tougher state and local laws for home-builders.  Ahmad said the foundation problems mask a deeper problem: that Pulte built the Fairhaven subdivision on land unsuitable for homes. She is critical of Schertz city leaders for not addressing the dozens of homeowners who crowd city council meetings to complain. What Pulte does not want the public to see

Read more...
 
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Reckless Endangerment
BY: GRETCHEN MORGENSON
and JOSHUA ROSNER

Outsized Ambition, Greed and
Corruption Led to
Economic Armageddon


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