Top 5 Lies from LIE-NNAR.com Fraud and Concealing Soil Conditions |
Friday, 16 January 2009 |
Breach of Contract and Fraud - Mortgage Fraud and Whistleblower Retaliation
Lennar Corporationâs subsidiary Universal American Mortgage Company LLC (UAMC) has been accused by the FDIC through the federal court appointed receiver1 of breach of contract and fraud in connection with mortgages UAMC sold to First National Bank of Arizona. It is alleged in court pleadings...To demonstrate a pattern of behavior over a sustained period of time in the UAMC mortgage division of Lennar Corporation..former employee was fired for refusing to fraudulently remove and destroy negative credit information from the files of mortgage applicants. A Decade of Fraudulently Concealing Soil Conditions - The sad reality of the Hutto Park Development is that this awful situation was entirely avoidable for one reason: Lennar Corporation had paid, in the past, $9 million to learn a similar lesson about the dangers associated with building homes on expanding soil. In fact, in the mid-1990âs, the company paid $9 million to a group of homeowners in Glendale, Arizona for issues in a 105-home community known as âPinnacle Hill.â
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