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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

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 These important rights, once taken for granted, have been replaced by a very limited state-mandated warranty that covers few defects.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

Washington Post
The housing bubble, in four chapters
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Bonfire of the Builders
Homebuilders helped fuel the housing crisis
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Texas Regulates Homebuyers
 
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IS YOUR STATE NEXT?
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Knowledge and Financial Responsibility are still Optional for Texas Home Builders

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TRCC AN ARRESTING EXPERIENCE
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Build it right the first time
An interview with Janet Ahmad

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