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Billions for Home Builder Corporate Welfare from Washington 
 New York Times, by Gretchen Morgenson
 
* Read and Post Remarks in The Huffington Post 
American Banking News: Tax Breaks Worth Billions to Big Business
* Related Articles:  NY Times: Building Flawed American Dreams 
* Rise and Fall of Predatory Lending and Housing
* Builders rake in refunds * See Forbes Magazine Article
Pulte-Centex $900 MILLON Grant Questioned

Sun City and Pulte Home HOA Abuses
Sunday, 14 June 2009

Sun City Residents Protest “NO Vote” claim on Bylaws changes
Sun City Residents Stonewalled on By-Laws vote by Pulte controlled Board of Directors. Changes to By-law provisions that directly impact resident's economic wellbeing and/or contractual rights are typically brought before an organization's membership to vote on. However, the changes being proposed in Sun City are to be approved by the Developer Controlled Board and Pulte Corporation, without a resident vote.  Residents have been frustrated by the processes being followed regarding these fundamental changes and the outright dismissal of the many objections. See Photos

SC Information ….Dedicated to Community Transparency
Press Communications --For release –Monday, June 15th
Contact: Jack Stroobandt at 512-864-0833 Email
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Sun City Residents Protest “NO Vote” claim on Bylaws changes   See Photos
Sun City
Residents Stonewalled on By-Laws vote by Pulte controlled B oard of Directors. 

Resident spokesman, Jack Stroobandt, calls this statement “poppycock”. The Developer’s Declaration [XXI 21.2] states “Declarant may unilaterally amend this Declaration for any purpose.” There are two caveats: 1] amendment shall not adversely affect the title to any Lot unless the affected Owner shall consent thereto in writing. 2] Provided the amendment has no material adverse effect upon any right of any Owner.  Permitting vote on these contractual changes is a decision well within the Developer’s “Unilateral” scope of authority

Nearly two years ago, the Pulte Corporation controlled Board of Directors of Sun City Texas, asked a small group of Residents to review and propose changes to “Simplify and Clarify” the Community Association’s By-Laws and Covenants. However, Residents have identified and are objecting too many of the proposed changes which materially impact their contractual rights, including increased fees, leasing options, voting rights, right of petition, and limitations on open governance. 

Changes to By-law provisions that directly impact resident's economic wellbeing and/or contractual rights are typically brought before an organization's membership to vote on. However, the changes being proposed in Sun City are to be approved by the Developer Controlled Board and Pulte Corporation, without a resident vote.  Residents have been frustrated by the processes being followed regarding these fundamental changes and the outright dismissal of the many objections.

The Resident protest has been driven by this undemocratic process and is intended to persuade the Pulte controlled Board to conduct a member vote on the Sections and Articles at issue.

If you would like more information on this issue you can schedule an interview with Jack Stroobandt 512-864-0833 or email 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

HOBB Update Messages

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

Texas Regulates Homebuyers
 
Texas Comptroller Condemns TRCC Builder Protection Agency
TRCC is the punishment phase of homeownership in Texas

OUTSTANDING FOX4 REPORT
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Case of the Crooked House

Washington Post
The housing bubble, in four chapters
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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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Taxpayers Pay $2.6 Million
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 or call 1-210-402-6800

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Homebuilding Texas Style
And the walls came
tumblin' down

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Political influence movement.
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REWARD
MOST WANTED

ARIZONA REGISTRAR OF CONTRACTORS
Have you seen any of these individuals

 Feature: Mother Jones Magazine
Are you Next?
People Magazine - Jordan Fogal fights back
Because of construction defects Jordan’s Tremont Home is uninhabitable
http://www.tremonthomehorrors.com/
You could be the next victim
Interview with Award Winning Author Jordan Fogal

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Big Money and Shoddy Construction:Texas Home Buyers Left Out in the Cold
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