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ABC Special Report
Investigation: New Home Heartbreak
Trump - NAHB Homebuilders Shoddy Construction and Forced Arbitration
Binding Arbitration Clauses
Thursday, 12 May 2005

           Beware of All 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 Warranty with a 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 Warranty Promotion with a Binding Arbitration Clause, designed to lure buyers into giving up their constitutional right to sue for defectively built homes.

UPDATE: KB Home Pays $2M fine for Binding Arbitration Clause 
Homebuyers are entitled to extended warranty without Binding Arbitration Requirements 

 
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