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Monday, 03 January 2005 |
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Beware of Binding Arbitration Clauses!
New KB Home buyers & All buyers of homes with FHA & VA insured loans
Buyers can refuse Binding Arbitration if they have an FHA or VA loan or buy a KB Home. Beware of KB’s new promotional spin on its 12-year Mandatory Binding Arbitration clause. History: KB has a long, well documented pattern of bad behavior. Twenty five years ago they were sued by the FTC for bad building practices and failure to honor warranty claims. KB entered into a "Consent Order" agreement with the FTC and as a result of that order they are the only builder in the country that can not require Mandatory Binding Arbitration. However, KB continues to challenge authority… Don’t be fooled; avoid KB’s new so-called "customer choice" 12-year Binding Arbitration promotion, designed to lure buyers into giving up their constitutional right to sue for defectively built homes. |
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