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ABC Special Report
Investigation: New Home Heartbreak
Trump - NAHB Homebuilders Shoddy Construction and Forced Arbitration

Organizing your community to bring public attention to builder’s bad deeds and seeking assistance from local, state and federal elected officials has proven to be more effective and much quicker for thousands of families. You do have choices and alternatives.  Janet Ahmad

 

Outrageous! Buy a New Home - Don’t Sue and Shut Up
Homebuilders will stop at nothing – Now Buyers must agree not to Speak

Beware of New Builder Clause – Homebuilder requires that homebuyer sign clauses forcing buyers to give up their constitutional rights.  It’s a decision between constitutional rights and the American Dream. 

SEE: KB Warranty Conditions - Sign A Shut Up Agreement or No Repairs
PLUS: It's Your Choice, Homebuilder Contracts - Hold Harmless

Florida - Latest News
Developers in Florida are out of control
Friday, 06 April 2007

Critics: Wetlands proposal harmful
Bill would strip local officials of oversight unless they foot funds.
 Environmentalists and local government officials say a bill moving through the state Legislature could severely restrict efforts to preserve a key feature of their natural resources — wetlands. "Developers in Florida are out of control," she said. "They are lashing out at the one thing that is trying to protect the rest of us — local governments."

Read more...
 
Control Growth Now
Friday, 09 March 2007

Sarasoto County Control Growth Now
One path leads to gridlock, higher taxrs, polution and other problems caused by over overgrowth.  On Tursday, March 13, all voters in Sarasota County will have a chance to vote for better control of growth in the cities. A Charter amendment will be on the ballot. It provides that if a City annexes land, County land use rules apply unless the County and the City have a Joint Planning Agreement. Control Growth Now News

 
Builder Costs Florida Bank Millions
Monday, 05 March 2007

Herald-Tribune: Defunct Builder Costs Florida Bank Millions
The parent of Coast Bank of Florida will post a $17.3 million loss for 2006 as it tries to recover from a major loan crisis. The company said Friday it has added $21 million to its loan-loss reserve, $14 million of which is tied to 482 loans it made to customers of a defunct home builder.  After an "exhaustive" review of those loans, which originally totaled $110 million, Coast now believes it stands to lose $14 million at most.

Read more...
 
Mortgage Scandal of Unfinished Homes
Thursday, 01 March 2007

Lawyer's client list grows in Coast case
A Sarasota attorney is representing at least 100 clients who are ready to take on Coast Bank and the developer who left them saddled with mortgages on unfinished homes. Tannenbaum said he is planning a class action against CCI and the entities that packaged the real estate investment deals - including Seashore Resorts and American Mortgage Link.

Read more...
 
Builders Whine over building safe and better homes
Thursday, 01 March 2007

Florida builders lobby for code reprieve
Florida's home building industry is pushing to delay tougher building codes, claiming hurricane protections sought by Gov. Charlie Crist and passed by the Legislature in January come too fast.  "While your efforts will bring forth reductions in property insurance rates, the very law that provides the relief has spawned an immediate, and minimum, $72 million negative impact on Florida's second largest economic engine the construction industry," wrote John Wiseman, president of the Florida Home Builders Association, in a letter asking Crist to issue an emergency order delaying the new building requirements.

Read more...
 
Mess in Florida
Monday, 19 February 2007

St Pete Times - Pine Ridge residents up in arms over builder
In the evocatively named community of Pine Ridge at Sugar Creek, recent events have not been so sweet for residents. Built at the height of Pasco's residential market boom nearly two years ago, homes at the development on State Road 52 used to sell for $300,000. But when residents found out the developer sold some neighboring houses for $199,000 last month, they saw a telling signal - and it wasn't about sagging markets or buyer's remorse.

Read more...
 
Builder License Revoked
Wednesday, 31 January 2007

Indian River County revokes builder's license
A Sebastian home builder lost his county license Tuesday and a Stuart aluminum contractor got 30 days to save his.In an 8-0 vote, the county Construction Board of Adjustment and Appeals permanently revoked Eligha Lewis Pryor Jr.'s home-building license in Indian River County after several angry customers — and even his onetime loyal office manager — lined up to accuse him of taking deposits and failing to complete contracts.

Read more...
 
Fraudulent Contractors in Florida
Friday, 26 January 2007

Name change should foil fraudulent contractors
Since July 1, the state Department of Business and Professional Regulation has received 791 complaints about unlicensed construction activity. "It's been a problem for years," said Richard Hickok, executive director of the Constructions Trade Quality Board for the city of Jacksonville. Hickok said properly licensed contractors must post bonds so consumers can seek compensation for shoddy work.

Read more...
 
Insurance Rate Relief and Better Codes
Wednesday, 17 January 2007

Help residents harden homes
Floridians need rate relief now, but they also need to be encouraged to make their homes stronger and better able to withstand hurricane winds. That means a true statewide building code, incentives for adding storm shutters and other improvements, and clear reductions in premiums for homeowners' investments...Cutting premiums may provide immediate relief, but one of the long-term answers to the property insurance crisis is to ensure Florida homes are better able to withstand hurricane-force winds.

Read more...
 
Banks paying the price for inflated development
Sunday, 03 December 2006

Debts piling up in Husani's wake
The pending foreclosures are the first sign of financial trouble resulting from the series of multimillion-dollar transactions by Husani and Tringali during the last two years -- Husani and Tringali inflated land values through property flips. They then used values that were way above what the market was paying to get bank loans that not only covered the original cost of the land but provided Tringali with more money to finance development...Between July 2004 and January 2006, Husani spent $42 million for about 1,900 acres of land. He then sold the property to Tringali in cashless transactions for $98 million, and Tringali used the high purchase prices and accompanying appraisals to obtain $83 million in loans from seven banks.

Read more...
 
Tampa Officials doing the job, but at what cost to homeowners
Tuesday, 21 November 2006

Dream house sours
...after pouring $400,000 into the construction of the home in South Tampa, Edward J. Gollobith ended up with shoddy workmanship and an eyesore that neighbors and the city want rectified or torn down. If it's not enough that Gollobith might have to demolish the half-million dollar home he has never lived in, the city plans to fine him $100 a day if he does not either apply for permits to complete the home or bulldoze it by Dec. 27. He has put the property up for sale but is not optimistic he'll get a buyer...Building officials across Florida say consumers can run into problems no matter how careful they are because several areas of the local and state construction system are broken.

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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Perry Home - No Warranty 
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Homebuilders helped fuel the housing crisis
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IS YOUR STATE NEXT?
As Goes Texas So Goes the Nation
Knowledge and Financial Responsibility are still Optional for Texas Home Builders

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TRCC from Bad to Worse
Case of the Crooked House

TRCC AN ARRESTING EXPERIENCE
The Pat and Bob Egert Building & TRCC Experience 

Build it right the first time
An interview with Janet Ahmad

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