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ABC Special Report
Investigation: New Home Heartbreak
Trump - NAHB Homebuilders Shoddy Construction and Forced Arbitration
Contractor Scam: Woman and dying husband victimized
Latest News
Sunday, 02 January 2005

Contractor Scam: Woman Still Waiting on Dream Home
You do your research and check him out, but he still takes your money and runs…after giving him $14,000 for materials, she says he disappeared...

Read more...
 
N.C. Home Builder Gets More Than Four Years For Fraud
Latest News
Thursday, 16 December 2004

CHARLOTTE, N.C. -- 
A well-known builder of luxury homes in Charlotte has been sentenced to more than four years in prison for defrauding banks and launderingmoney.

Builder Fraud
Related Article: The Charlotte Observer
Fallout from several cases of mortgage fraud
Property valuations drop, losses on loans and convictions mount 
The FBI says mortgage fraud has been on the rise nationally the past three years. In Washington, concerns over mortgage fraud prompted the Federal Housing Administration this year to stop insuring loans on homes that have been resold within 90 days. Charlotte Observer

Read more...
 
Buy a Home and Shut Up
Latest News
Sunday, 05 December 2004
Mercedes Homes
Fine Print Has Homeowners Scared To Discuss Damage

Buy a Home and Shut Up – Contact us immediately if you find you have a Builder Shut up Clause

Attention: New Homeowners check you contract and subdivision covenants to see if you have unknowingly given up you Constitutional to Rights to Speak

 Florida and Texas Builders – KB, Drees, Centex, Mercedes Homes and other builders are increasingly are using Bullying Tactic to silence Free Speech.  Have Homebuilders gone too far...they have no shame when it comes to their intent to defraud homebuyers. 

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Words from the past and present…
Latest News
Tuesday, 23 November 2004

He will cheat without scruples who can cheat without fear.
                                                          Benjamin Franklin

What gives a builder the incentive to build a home that is lasting, when he has no fear of being held accountable for cheating.                Author Unknown   

 
Public Citizen - First Amendment right to criticize
Latest News
Wednesday, 10 November 2004

Dissatisfied Home Improvement Customers Have Right to Criticize North Carolina Company on Web, Public Citizen Tells Court
Georgia Residents Launched Web Site After Bad Experience With Siding Installation
WASHINGTON, D.C. - Two dissatisfied customers of a North Carolina siding company have a First Amendment right to criticize the company - and allow others to do so - on a Web site they set up, Public Citizen has told a federal court in North Carolina.

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Businesses File More Lawsuits Than Private Citizens
Latest News
Thursday, 04 November 2004

Public Citizen: U.S.Businesses File Four Times More Lawsuits Than Private Citizens And Are Sanctioned Much More Often for Frivolous Suits
But Corporate America and Political Allies Bush and Cheney Campaign to Limit Citizens’ Rights to Sue...American businesses file four times as many lawsuits as do individuals represented by trial attorneys, and they are penalized by judges much more often for pursuing frivolous litigation, according to a report issued today by Public Citizen.

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Something new, someone blue
Latest News
Saturday, 23 October 2004

Nashville City Paper

Something new, someone blue

By Richard Courtney

…attorney Jean Harrison – A typical case involves a homeowner who has had the house three years or so and has a number of problems with it, but the alleged 'one year warranty' has expired. In actual practice, the one-year warranty has very little to do with a builder's obligation to make repairs.

“…favorite Jean Harrison quote is, "If your house passed codes, it means it got a D -."

Read more...
 
Home Warranty Coverage 'Extremely Limited'
Latest News
Friday, 22 October 2004

10-22-04 - Realty Times - HADD Report: Home Warranty Coverage 'Extremely Limited'
by Broderick Perkins
It's not that home warranties or those who issue them are deceptive. It's all right there in the small print -- disclaimers, exclusions, "weasel" clauses. "New Home Warranties: Deception or Protection?A Consumer’s Perspective"...  Read more

Read more...
 
ATTENTION: GREAT OPPORTUNITY!
Latest News
Sunday, 10 October 2004
Notice from NBC – A new reality show, NBC’s Home Intervention wants to hear from victims NBC’s Home Intervention, a new NBC reality show is looking for victims of remodeling contractors and homebuilders. If you are interested, see instructions and contact NBC as soon as possible.
Read more...
 
The legal bane of homebuilders
Latest News
Sunday, 26 September 2004
Lawyer Scott Sullan supports Amend. 34, which would lift limits on builders' liability 
Christine Tatum
Denver Post Staff Writer
Sunday, September 26, 2004
"Greedy," "rabid" and "scum-sucker" are among the nicest words they use to describe Sullan, perhaps the lawyer most despised by the state's building industry. He is the man hundreds of Colorado home and business owners called last year alone when roofs collapsed, basements flooded or foundations cracked, and they couldn't get the companies responsible for the work to fix them… Sullan's legal brawls are spilling from the courtroom onto the Nov. 2 Colorado ballot. Voters will be asked to decide the fate of proposed Amendment 34. That measure would lift some limits on the money property owners can collect in lawsuits against builders. It would also prohibit state lawmakers from capping some damage awards - a power they wielded last year over Sullan's protests with the passage of the bitterly contested House Bill 1161.
 
Looser lending leads to more foreclosures
Latest News
Saturday, 28 August 2004
Looser lending leads to more foreclosures
Saturday, August 28,
By PAMELA YIP / The
Dallas Morning News

""Over the last 10 to 12 years, underwriting guidelines have gotten much more lax,"" said David Motley, an executive vice president at Colonial National Mortgage in Fort Worth . "Today you can get a 100 percent loan on a purchase or a 106 percent loan on your purchase to cover the closing costs."

Critics say the looser standards contribute to high foreclosure rates nationwide because owners with no equity in their homes find it easier to walk away from mortgages if they get into financial difficulty – and can get approved for another mortgage later.

Even with low mortgage rates, first-time buyers have strapped on so much mortgage debt that ""roughly one-third now pay at least 30 percent of their after-tax income on shelter, and half of the lowest-income households spend at least 50 percent of their incomes on housing,"" according to a report published this month by Merrill Lynch.

 
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