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KB Homes Infomercial - Remembering Mortgage Fraud
 Cisneros partner in Lago Vista was Bruce Karatz,
highest paid CEO in the country with $232 million compensation package. Karatz:…realize how easy it is to buy…
How broad the qualification is… It’s a life changing experience that we create.
 
View Ex-HUD Secretary HenryCisneros KB Home Infomercial

KB Home & Mirasol Homes
Friday, 28 February 2003

Attention Taxpayers!  New Public Housing built by KB
For those of you who are keeping up with your tax dollars at work. "San Antonio Housing Authority commissioners narrowed the scope of their investigation into problems at Mirasol Homes to  three questions and told their attorney to hire experts to get answers as soon as possible. Are the homes structurally sound? Did SAHA get what was specified and paid for? Did SAHA administrators perform reasonable and acceptable oversight?"

 
Attention Taxpayers!  New Public Housing built by KB
For those of you who are keeping up with your tax dollars at work. 
"San Antonio Housing Authority commissioners narrowed the scope of their investigation into problems at Mirasol Homes to  three questions and told their attorney to hire experts to get answers as soon as possible. Are the homes structurally sound? Did SAHA get what was specified and paid for? Did SAHA administrators perform reasonable and acceptable oversight?"
 
Web Posted : 02/28/2003 12:00 AM
San Antonio Housing Authority commissioners narrowed the scope of their investigation into problems at Mirasol Homes to three questions and told their attorney to hire experts to get answers as soon as possible.

They made the move Wednesday after rejecting both bids for an independent audit, saying they would cost too much and take too long.

TerraHealth submitted a bid of $200,650 for a four-month evaluation process. Martinez, Garcia & Co. submitted a bid of $301,275 for an eight-month process.

Instead of seeking a wider-ranging investigation, commissioners want answers to these questions:

Are the homes structurally sound?

Did SAHA get what was specified and paid for?

Did SAHA administrators "perform reasonable and acceptable oversight?"

 

Based on inspections by the Army Corps of Engineers and a third-party consultant, commissioners believe it's "reasonable to conclude" the homes are structurally sound, said board Chairman Michael Feldblum.

To answer the question about specifications, a forensic engineer will compare construction plans to what was built, he said. A management auditor will be hired to decide the oversight issue.

The board hopes to have questions answered by the end of April, Feldblum said.

In other business, commissioners were told the Victoria Courts redevelopment project is ahead of schedule, but could fall behind before June 13, the construction loan deadline.

 
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Reckless Endangerment
BY: GRETCHEN MORGENSON
and JOSHUA ROSNER

Outsized Ambition, Greed and
Corruption Led to Economic Armageddon


Amazon
Barnes & Noble

 Feature
Rise and Fall of Predatory Lending and Housing

NY Times: Building Flawed American Dreams 
Read CATO Institute: 
HUD Scandals

Listen to NPR:
Reckless Endangerman
by
Gretchen Morgenson : How 'Reckless' Greed Contributed
to Financial Crisis - Fannie Mae

NPR Special Report
Part I Listen Now
Perry Home - No Warranty 
Part II Listen Now
Texas Favors Builders

Consumer Affairs Builder Complaints

IS YOUR STATE NEXT?
As Goes Texas So Goes the Nation
Knowledge and Financial Responsibility are still Optional for Texas Home Builders

 KB Home Federal Housing Scam
 KB Homes are falling down

OUTSTANDING FOX4 REPORT
TRCC from Bad to Worse
Case of the Crooked House

Washington Post
The housing bubble, in four chapters
BusinessWeek Special Reports
Bonfire of the Builders
Homebuilders helped fuel the housing crisis
Housing: That Sinking Feeling

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

Build it right the first time
An interview with Janet Ahmad

HUD's Broken System
From HUD's Deregulation to Disgrace
Did HUD Secretary Cisneros
 Mastermind Predatory Lending?

KB Home Bombs
KB Goes Unpunished for Building Community on Bombs
Taxpayers Pay $2.6 Million
KB Attempts to Bribe Woman

KB HOME FEATURES
Legislators, HUD & FTC
Respond to complaints
HUD Fines KB Home$3.2M
FTC Fines KB Home $2M


ABC 20/20 - KB Home built on bombs
KB to build on Worst Nnuclear Meltdown Site
Why KB Profits are Greater
Special Reports - Read More...
See KB Homeowners Protest and Get Results
 WFAA's Bryan Harris Investigates KB Home & Bombs

Bad Binding Arbitration Experience?
conttribute@hobb.org
 or call 1-210-402-6800

  ABC's 20/20 Special
KB Home Builds on Bombs
(10/7/2005 No Transcript available)
See related articles:
· WFAA News 8 Investigates KB 
   Home & Bombs

· $1.9M for KB Bombing 
  Range Taxpayer Cleanup

· 
KB gives new meaning to
  “Home, home on the range”

· Home on the Bombing Range 
  History still haunts development

· News4:: Reports Charges Dropped

Tort Reform Feature
Texas Monthly
 Hurt? Injured? Need a Lawyer? Too Bad!

KB Homeowners Speak
KB Home Common Defects
KB Buys Back Homes 

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