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ABC Special Report
Investigation: New Home Heartbreak
Trump - NAHB Homebuilders Shoddy Construction and Forced Arbitration
 

Outrageous! Buy a New Home - Don’t Sue and Shut Up
Homebuilders will stop at nothing – Now Buyers must agree not to Speak

Beware of New Builder Clause – Homebuilder requires that homebuyer sign clauses forcing buyers to give up their constitutional rights.  It’s a decision between constitutional rights and the American Dream. 

SEE: KB Warranty Conditions - Sign A Shut Up Agreement or No Repairs
PLUS: It's Your Choice, Homebuilder Contracts - Hold Harmless

IS YOUR STATE NEXT?
As Goes Texas So Goes the Nation 
TEXAS REGULATES HOMEBUYERS!
NEW HOMEBUYER LEGISLATION MAY BE COMING TO YOUR STATE SOON
!
How Texas Home Building Industry shaped the Texas Residential Construction
Commission (TRCC) and regulates new homebuyers

Contracts & Arbitration
Big Centex Homes Business- Nationstar Mortgage Pays $1.3 Billion for $215 Billion
Wednesday, 09 January 2013

Lewisville-based Nationstar buys mortgage servicing rights from Bank of America
Nationstar Mortgage Holdings, which started out as the mortgage operation for Dallas-based Centex Homes, will buy $215 billion in mortgage servicing rights from Bank of America, which has been slashing its mortgage business in the wake of the financial crisis. It will pay $1.3 billion for the portfolio, which will more than double its customer base to 2.5 million. Mortgage servicers handle the payments on outstanding mortgages, forwarding proceeds to the mortgage holder and dealing with loan delinquencies and foreclosures when necessary. Nationstar, based in Lewisville, says it serviced approximately one million loans with total unpaid principal balances of $198 billion as of Sept. 30. It has about 4,100 employees at facilities around the country, including a call center in Lewisville.

 
Centex Avoids Responsibility
Saturday, 27 October 2012

HOA fights for answers
There are more than 200 homes in the Wynston subdivision in Clayton. Recently, the HOA received a warning from the Town of Clayton letting them know the berms weren't up to code..."We didn't even really have an idea that the problem even occurred until the complaint was brought to our attention, some 10 years after the residency was built," homeowner Matt Katlen said. Centex developed the subdivision back in 1999.Katlen did some digging and found a document that dates back to 1999 from Centex's consultants. The letter addressed to the Town of Clayton's Planning and Inspections Department lets the town know Centex did not include the landscaping detail the town requested. The letter even provided a drawing showing the trees and shrubs that should be put in along the berms. The letter states this landscaping buffer will be added to the plans.More than 13 years later, the HOA wants the builder, Centex, to do what they say needed to be done back in 1999.

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Pulte-Centex Force Homeowners to Binding Arbitration
Tuesday, 23 October 2012

Rivermist owners look to arbitration
Home Owners for Better Building warned Rivermist homeowners about getting suckered into forced binding arbitration. Now after all these years wasted… The claims against Pulte Homes Inc. were dismissed in June after the court found that the parent company itself doesn't perform work in Texas. The case against Centex was dropped in September because the homeowners are subject to a binding arbitration agreement with the home builder, the court documents state. This latest decision affected Pulte Homes of Texas. "We have no choice at this point," Vick said. "It's either that or appeal the ruling on arbitration, which we don't intend to do. I don't agree with the court's ruling, but we certainly are in the process of going to the arbitration side."

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Cibolo Mayor and council seek to reign in shoddy homebuilding
Saturday, 13 October 2012

Raising the roof over homes
For months, several homeowners in the Falcon Ridge and Bentwood Ranch subdivisions have claimed the home builder sold them defective houses, and already the City Council has taken steps to protect its residents by drafting a stricter building code. Since the beginning of the year, the city of Cibolo has put in place code that requires home builders to conduct more soil testing and that requires engineers to certify a building's design fits with the soil test results, Mayor Pro-tem Stever Liparoto said. Cibolo Mayor Jennifer Hartman is one homeowner whose house has foundation issues...  “There seems to be a big difference between the home builders and the engineers (as to) what constitutes a failure,” Liparoto said. “My thought is that if it costs the homeowner money or decreases their value, it's a failure.”

Read more...
 
D R Horton Homeowners Ask Cibolo City Council For Home Lemon Law
Wednesday, 26 September 2012

Cibolo homeowners ask city hall for more home builder regulation
For years now, people have complained their homes are built on poor foundations that are crumbling and sliding beneath their feet. Until lately, the fight’s been with individual builders of those subdivisions but now the battleground is shifting to city hall.

Read more...
 
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 Texas, First Home Lemon Law Debated in the Nation
Homebuyers Need a Home Lemon Law

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Reckless Endangerment
BY: GRETCHEN MORGENSON
and JOSHUA ROSNER

Outsized Ambition, Greed and
Corruption Led to
Economic Armageddon


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

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

Arbitration Fairness Now!
Sen Feingold, Rep Johnson
Introduce Consumer Justice
 
Senate Passes Franken
Binding Arbitration Amendment
  
   
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IS YOUR STATE NEXT?
As Goes Texas So Goes the Nation
Knowledge and Financial Responsibility are still Optional for Texas Home Builders

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

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

Build it right the first time
An interview with Janet Ahmad

 Give Me Back My Rights Campaign
Model State Arbitration Legislation
Fair Homebuyer Contract Model

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 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

Warranty?  What 25-Year-Warranty?
Warranty Scams that fool the public 25 years, 50, 100 or even a “Lifetime Warranty,” what’s the difference?

PROFITABLE DEFECTIVE PRODUCTS
 
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