Trouble Shooters KB Home Investigation
Remember Jesse Font? He's the man who bought a used KB home with a history of problems, but says he was never told about them. This left him worrying that no one would ever buy his home. Our investigation uncovered a city engineer's report that found "significant cracking" and "separation" in Jesse's house two years before he bought it. When KB Home sold him the house, the company disclosed nothing about any problems, any repairs, or even any inspections that had been done. Since our investigation, we've learned that KB has put an offer on the table to buy Jesse's house back.
Trouble Shooters KB Home Investigation
6/23/2003  Watch this story...
Remember Jesse Font? He's the man who bought a used KB home with a history of problems, but says he was never told about them. This left him worrying that no one would ever buy his home. Our investigation uncovered a city engineer's report that found "significant cracking" and "separation" in Jesse's house two years before he bought it. When KB Home sold him the house, the company disclosed nothing about any problems, any repairs, or even any inspections that had been done. Since our investigation, we've learned that KB has put an offer on the table to buy Jesse's house back. KB Home Spokesperson Cathy Teague tells WOAI, "KB Home has been working with the Fonts. We've given them a final offer and an agreement has been reached over handshakes, and now we're waiting for the signed papers to be returned." The Trouble Shooters asked Teague if KB would essentially be buying back the home. She said "yes." As for the other homeowners featured in our story, no word yet on whether KB will make them any offers, but we'll stay on top of it. Cathy Teague is KB's new spokesperson. You'll recall during our investigation, KB would not talk on camera, but it looks like that is changing. |
Home 
BusinessWeek Special Reports
