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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

Las Vegas Action 13 News: No Parking in KB Home Subdivision
Tuesday, 10 February 2009

Contact 13 Investigation: Red curbs in one Southwest neighborhood
"Oh, it's crazy!  It's just crazy!" Minkler says...Builder KB homes put in streets in the development that are too narrow for emergency vehicles to get through if cars are parked on both sides... Eleven cars were gone with no explanation...  Every car parked on their street had been towed away just hours after the curb was painted... Some neighbors met for the first time at this Custom Towing office where each one of them had to come up with $300 cash to get their cars back.  Neighbors tell us their single-car garages are too small for most cars, and the auxiliary lot a block away fills up fast, leaving them nowhere to park.

Contact 13 Investigation: Red curbs in one Southwest neighborhood
Feb 9, 2009
View Video Report

Once grey concrete curbs are now colorful on Beckton Park Ave. in the southwest neighborhood of Liberty at Huntington near Ft. Apache and Warm Springs. 

"I talked to my husband, I said, we got a red stripe down there!  I don't know what that's all about," recalls homeowner Debbie Minkler

It's a color that's all about "no parking." 

"Oh, it's crazy!  It's just crazy!" Minkler says.

Builder KB homes put in streets in the development that are too narrow for emergency vehicles to get through if cars are parked on both sides.

Even so, homeowners have been allowed to park on their street for at least a year.

"They've given us no alternatives for parking," says neighbor Dara Jackson.

On one day, the red stripe went down, neighbors went to bed and when they woke up, "We come out here getting ready to go to work and the whole side of our street is vacant," says another neighor, Gladis Aguiler.

Eleven cars were gone with no explanation.  

"Our first thought was that our car had been stolen," Minkler explains.

But they hand't been stolen.

Every car parked on their street had been towed away just hours after the curb was painted.

"They lay down a red line, come in that night and tow all our vehicles. They victimized us! They totally victimized us and there was no record left there as to, you know, "hello! we took your car..." nothing!" Minkler recalls.

Some neighbors met for the first time at this Custom Towing office where each one of them had to come up with $300 cash to get their cars back.  

Debbie Minkler tells us that's a hardship, to say the least.

"I'm sitting here thinking okay, am I gona pay the bills?  I mean we've got it that close that $300 dollars is a lot of money." 

"To me, they bilked us for $300 dollars," Jackson adds.

They called their homeowners association for answers.  

"They tell me, no it's the homebuilder, so then I call the homebuilder and they're like, no it's the association, so they're playing hot potato, ya know, with each other," Aguiler explains.

Then, they called Contact 13.

Chief Investigator Darcy Spears made multiple phone calls, and even went down to RMI management in person to get answers.

They wouldn't tell us how this happened, why the homeowners weren't notified and why the tow company was there before the red paint on the curb had even dried.

What they would say is they're working with developer KB Homes to get the best possible resolution.  

Gladis Aguiler sums up all the residents feelings.

"It's very very upsetting because nobody wants to take responsibility for the actions that have happened out here.  It's an injustice for everyone here and an inconvenience."

Although KB Homes refuses to go on camera or give an explanation, they are going to reimburse all eleven homeowners for the towing fees as well as lost wages from missing work the morning they discovered their cars were gone.

Now, parking options are few and far between for the Liberty at Huntington community.

Neighbors tell us their single-car garages are too small for most cars, and the auxiliary lot a block away fills up fast, leaving them nowhere to park.

So what do you think about this situation?

Sound off by posting a comment below or sending Darcy an e-mail at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .
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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 
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· News4:: Reports Charges Dropped

Tort Reform Feature
Texas Monthly
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KB Homeowners Speak
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