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Beware of HOA Payment Plan! 
          
 1,425% Markup - Big Corporate Business for HOA Non-Judicial Foreclosures 
ON THE COMMONS with Shu Bartholomew – Dr. Evan McKenzie interview on Privatized HOA Governments & New Book

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

Legend Home: Biggest Mistake in My Life
Saturday, 05 December 2009

This was the biggest mistake and the worse investment I have ever made in my life!
Now I am stuck with a new home that is a piece of junk and I am condemned to a life of debt and a home I will never be able to sell. After 1 year, the entire house started cracking in half. There were large cracks in the brick, the sheetrock, the drywall, the windows, and the hardy plank. The house sustained major structural damage and serious foundation problems.

I purchased a brand new home from Legend Homes in 2004. This was the biggest mistake and the worse investment I have ever made in my life!
After 3 years of living in my brand new home, it was deteriorating and falling down. Now I am stuck with a new home that is a piece of junk and I am condemned to a life of debt and a home I will never be able to sell.

After 1 year, the entire house started cracking in half. There were large cracks in the brick, the sheetrock, the drywall, the windows, and the hardy plank. The house sustained major structural damage and serious foundation problems.

The house also had structural problems due to very poor workmanship. Within 3 years the house was so badly damaged that the estimated cost to repair and restore the house was much more that the house was worth. Every time it rained, there would be leaks everywhere. The windows would leak, the roof would leak, and I found leaks in the pipes, which indicated plumbing leaks. I complained to Legend Homes about the problems several times, but they ignored me and refused to help fix any of the problems.

I then filed a complaint with the TRCC (Texas Residential Construction Commission). They conducted an investigation which revealed that my house did have major structural damage and poor workmanship. However, Legend Homes still refused to help fix any of the problems and ignored my repeated phone calls. They advised me that it was not there problem and that it needed to be addressed with the warranty company (Home of Texas). However, the warranty company is nothing but a joke.

The coverage is very limited and does not help solve any of the problems. They conducted an investigation, and admitted that my home had major structural damage, but only offered a sum of money that did not even cover half  the cost of  all the necessary repairs. I was forced to hire an attorney and file suit against Legend Homes. During the litigation process, I was informed that several complaints and lawsuits have been filed against this company.

They had built numerous defective homes for years since 2003. They do not care about the consumers and they have hurt many people in the process. They are nothing more than scam artists that build cheap defective homes that fall apart after 3 years; then they try to walk away from any responsibility or accountability for their negligence.

I would encourage anyone who reads this not to make the same mistake that I did, and do not buy from Legend Homes.
http://www.ripoffreport.com/builders-contractors/legend-homes/legend-homes-house-falling-do-89a62.htm

 
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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

ATTENTION TAXPAYERS:
 
Pulte-Centex $900 MILLON Grant
Stimulus for KB Home, Countrywide and KB Mortgage 
Market Crash Cure, More Toxins,
0 Down, No PMI, 100% Financing, Closing Costs Offers
?

 Texas, First Home Lemon Law Debated in the Nation

NPR Special Report
Part I Listen Now
Perry Home - No Warranty 
Part II Listen Now
Texas Favors Builders

Judiciary & Civil Jurisprudence
 Arbitration Hearing,
Video of Homeowners
Testimony Advance to 1:55

Arbitration Fairness Now!
Sen Feingold, Rep Johnson
Introduce Consumer Justice
 
Senate Passes Frankin
Binding Arbitration Amendment
  
   
Public Citizen Report 
Home Court Advantage
 

 (See photos) & Latest News

Arbitration Bill Passes Senate
Four years to fight to get in court is not a day in Court, Jamie Leigh Jones 

 


Legislative
Watch
TEXAS ABOLISHES BUILDERS
PROTECTION AGENCY TRCC
 


HOBB Update Messages

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IS YOUR STATE NEXT?
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Knowledge and Financial Responsibility are still Optional for Texas Home Builders

 KB Home Federal Housing Scam
 KB Homes are falling down

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

OUTSTANDING FOX4 REPORT
TRCC from Bad to Worse
Case of the Crooked House

Washington Post
The housing bubble, in four chapters
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Homebuilders helped fuel the housing crisis
Housing: That Sinking Feeling

Perry's Gifts Keep on Talking
Sun Never Sets On Politicians Taking Homebuilder Money

TRCC AN ARRESTING EXPERIENCE
The Pat and Bob Egert Building & TRCC Experience 

Homebuilder's Right-To-Repair Illusion

Builders Looking for Federal Handouts

How Texas Home Building Industry shaped the TRCC to regulate buyers 

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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
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KB HOME FEATURES
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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

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Homebuilding Texas Style
And the walls came
tumblin' down

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ARIZONA REGISTRAR OF CONTRACTORS
Have you seen any of these individuals

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 Hurt? Injured? Need a Lawyer? Too Bad!

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