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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

Be careful what you ask for in Texas
Thursday, 16 December 2004

           Texas Homeowners with defective homes ask for consumer protection and this is what they got

A Homeowner’s Nightmare: No Protection from Money Pits. The Legislature passed in 2003 HB730, which greatly restricts the rights of homeowners to get their builder to fix major construction problems. Under this new law, homeowners no longer have common law rights to an implied warranty of good and workmanlike construction, nor can they sue for Deceptive Trade Practices. These important rights, once taken for granted, have been replaced by a very limited state-mandated warranty that covers few defects. In addition, a homeowner can’t go to court without first going through a lengthy, bureaucratic process and paying for expensive inspection fees. In short, fewer homeowners’ rights, lots more bureaucracy.

Homebuilders are among the state’s biggest donors. They gave over $5.2 million in our 2002 state elections. The biggest donor in Texas, Bob Perry of Perry Homes, alone gave over $3.8 million. Perry Homes’ general counsel was appointed to the board of the new Residential Construction Commission, which will enforce the new home construction law.

 
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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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