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

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

IS YOUR STATE NEXT?
As Goes Texas So Goes the Nation 
TEXAS REGULATES HOMEBUYERS!
NEW HOMEBUYER LEGISLATION MAY BE COMING TO YOUR STATE SOON
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How Texas Home Building Industry shaped the Texas Residential Construction
Commission (TRCC) and regulates new homebuyers

FBI & Harris County DA goes after Mortgage Fraud Ringleaders
Monday, 19 February 2007

Mortgage fraud: the new white-collar crime
Blizzard is the division chief over major fraud in the DA’s. Four months ago he led an investigation that landed Houstonian Doris Chen and seven others in jail. But now his division is taking a new huge step to combat this prevalent crime: They are going undercover.

Mortgage fraud: the new white-collar crime

Thursday, February 15, 2007
By Jeff McShan / 11 News  

 Click to watch video

Mortgage fraud is being called the new white-collar crime.

The FBI, the IRS and the Harris County District Attorney’s Office all said they’ve been overwhelmed with complaints.

 
Floyd Minger

“We are attacking this crime head on,” Lester Blizzard said.

Blizzard is the division chief over major fraud in the DA’s. Four months ago he led an investigation that landed Houstonian Doris Chen and seven others in jail.

But now his division is taking a new huge step to combat this prevalent crime: They are going undercover.

“If you are involved in this type of crime, you just might be dealing with a Houston police officer,” Blizzard said.

11 News was there when the division made its first undercover mortgage fraud bust.

“We infiltrated that group,” Blizzard said. “We were able to collect a great deal of evidence against them during the course.”

Upstairs, inside a title company, 40-year-old Floyd Minger was taken into custody. He’s been charged with proving false documentation to steal a substantial amount of money.

How does this fraud work?

Criminals find a house for sale, let’s say for $200,000.

Then they get a phony appraisal from someone usually in on the scheme – let’s say for double the home’s value: $400,000.

Then they start looking for an investor, someone to actually put the house in their name,  using their good credit for the closing and title.

The bank gives them a $400,000 loan. The crooks pay the $200,000 to the seller and make off with $100,000 profit.

“It is complex,” Blizzard said. “Wwe deal with the title company, we deal with the mortgage companies.

“Some of these participants in these deals have no idea that they are involved in some kind of shady deal,” he said.
http://www.khou.com/news/local/crime/stories/khou070215_ac_mortgagefraud.244a240.html

 
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 Texas, First Home Lemon Law Debated in the Nation
Homebuyers Need a Home Lemon Law

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Reckless Endangerment
BY: GRETCHEN MORGENSON
and JOSHUA ROSNER

Outsized Ambition, Greed and
Corruption Led to
Economic Armageddon


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

Washington Post
The housing bubble, in four chapters
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Arbitration Fairness Now!
Sen Feingold, Rep Johnson
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 Feature: Mother Jones Magazine
Are you Next?
People Magazine - Jordan Fogal fights back
Because of construction defects Jordan’s Tremont Home is uninhabitable
http://www.tremonthomehorrors.com/
You could be the next victim
Interview with Award Winning Author Jordan Fogal

Warranty?  What 25-Year-Warranty?
Warranty Scams that fool the public 25 years, 50, 100 or even a “Lifetime Warranty,” what’s the difference?

PROFITABLE DEFECTIVE PRODUCTS
 
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