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LATEST NEWS
Ryan Homes Shatters Family's American Dream
Written by Janet Ahmad   
Saturday, 20 January 2007

NVR Mortgage Gouges Family In Low Income Housing Program
A family of three, searching for the American dream as legal immigrants from China , came to the U.S. as father, mother and son in December of 1999...The Zhu's have since learned a costly lesson in mortgage financing. They had signed the mortgage paperwork not understanding the extent of what others, including professional bankers, consider to be exorbitant broker fees. Along with other abusive loan terms, this included a higher than average 30 year ARM that actually had a higher starting rate than most normal fixed rate mortgages.

Last Updated ( Sunday, 21 January 2007 )
Read more...
 
Hearings on Homeowners' Bill of Rights
Written by Janet Ahmad   
Saturday, 20 January 2007

It's time for a Homeowners' Bill of Rights
Each year, hundreds of unsuspecting Washingtonian homeowners discover deficiencies with their new home. These problems include (but are not limited to) faulty design, code violations, cracked foundations, moisture problems that lead to toxic molds, substandard workmanship, and structural issues. Many have already suffered great losses: their life's savings, their physical and emotional health, and home value depreciation.

Read more...
 
Marshal says house fire deliberate; owners suing over mold
Written by Janet Ahmad   
Saturday, 20 January 2007

Torched Frisco home was subject of lawsuits
A vacant house in Frisco that burned last weekend in a fire that has been ruled suspicious was the subject of several lawsuits over toxic black mold, and its owners reportedly had plans to demolish it. The fire Saturday night at No. 3 Riva Ridge destroyed the home's second story, where fire officials found that accelerant had been poured around a playroom.

Read more...
 
Codes official resigned in wake of report
Written by Janet Ahmad   
Thursday, 18 January 2007

Tempers flare in suburb
Problems with codes enforcement came to light in recent months when an inspection report conducted by an outside agency found some records were not being kept properly, data were incomplete and some employees lacked proper certification. In addition, field inspections indicated serious building-code violations at several homes in the Village Grande at Millers Run development. Those problems are what prompted supervisors to seek a review of department procedures.

Read more...
 
Bob the Builder Perry Back-Door Tactics to Governor Perry
Written by Janet Ahmad   
Thursday, 18 January 2007

Builder denies he back-doored $1 million to Perry
As much as $1 million from controversial Houston homebuilder Bob Perry appears to have flowed into Gov. Rick Perry's re-election campaign last year indirectly through the Republican Governors Association Political Action Committee...In one instance, a $500,000 RGA donation was made to Gov. Perry's campaign one day after the RGA received a like amount of money from Bob Perry.

Last Updated ( Sunday, 21 January 2007 )
Read more...
 
New Jersey takes action
Written by Janet Ahmad   
Thursday, 18 January 2007

Keansburg home-improvement contractor sued by the state
A Keansburg-based home-improvement contractor has been sued by New Jersey for allegedly operating without being registered and failing to complete projects after being paid by home owners, state authorities said today. The Shademaster, which does also does business as Renovation Experts, and its owner, Carmine Annunziata, were sued in Superior Court in Monmouth County. The lawsuit says the company violated the state's Consumer Fraud Act.

Last Updated ( Saturday, 20 January 2007 )
Read more...
 
Insurance Rate Relief and Better Codes
Written by Janet Ahmad   
Wednesday, 17 January 2007

Help residents harden homes
Floridians need rate relief now, but they also need to be encouraged to make their homes stronger and better able to withstand hurricane winds. That means a true statewide building code, incentives for adding storm shutters and other improvements, and clear reductions in premiums for homeowners' investments...Cutting premiums may provide immediate relief, but one of the long-term answers to the property insurance crisis is to ensure Florida homes are better able to withstand hurricane-force winds.

Read more...
 
Construction Defects and Mold Can Be Costly
Written by Janet Ahmad   
Wednesday, 17 January 2007

Family wins mold case
After three years, health problems persist. A family that bought a nearly $375,000 newly constructed home on a one-acre lot near Howell lived there for just 10 months before toxic mold forced them out. A poorly built roof allowed rain to seep into the walls and floors on all three levels of the home.  Last week -- nearly three years after the ordeal began -- Tom and Kimberly Szymczak were awarded a consent judgment of $775,000 against Brighton builder Andrew Tonkovich and his company, A&T Development Inc.

Last Updated ( Sunday, 21 January 2007 )
Read more...
 
Tradesmen say they're owed more than $1 million
Written by Janet Ahmad   
Tuesday, 16 January 2007

Builder leaves subcontractors unpaid
The company, which has some 90 active building permits in Charlotte County, has apparently been placed in financial limbo after many of its subcontractors -- who claim they haven't been paid for some $1 million in work -- filed liens against the homebuyers.

Last Updated ( Tuesday, 16 January 2007 )
Read more...
 
November's Foreclosure Rate Highest of the Year
Written by Janet Ahmad   
Tuesday, 16 January 2007

U.S. FORECLOSURES INCREASE 4 PERCENT IN NOVEMBER
A total of 120,334 properties nationwide entered some stage of foreclosure during November, an increase of 4 percent from the previous month and an increase of 68 percent from November 2005, according to the RealtyTrac U.S. Foreclosure Market Report. The report also shows a national foreclosure rate of one new foreclosure filing for every 961 U.S. households, the highest monthly foreclosure rate reported so far this year. Nevada, Colorado and Georgia posted the nation's highest state foreclosure rates during the month, and California, Texas and Florida documented the most new foreclosure filings. Greeley, Colo., Detroit and the Inland Empire area of Southern California documented the highest metropolitan foreclosure rates.

Last Updated ( Tuesday, 16 January 2007 )
Read more...
 
Developer to Complete Construction
Written by Janet Ahmad   
Tuesday, 16 January 2007

Running Horse Makes Settlement in Court for Homeowners
The developer of Running Horse agreed in court that he'll pay to complete the construction on 6 homes when he sells the subdivision. This agreement only covers a small fraction of the people who bought homes in that subdivision. Many have moved into their homes but that didn't solve their problems. Lot number 20 should have been completed a long time ago. Hien Nguyen bought it in 2004 for more than $190,000. But it was only today that Running Horse finally agreed to pay to complete the construction. Nguyen says, "I am happy, but I wish Running Horse doesn't have to drag us on and on like this, because they are obviously at fault for not having the house built."

Read more...
 
Home buyers hit with liens
Written by Janet Ahmad   
Sunday, 14 January 2007

LIENS PILING UP, HOUSES UNBUILT
It has been months since some Port Charlotte and North Port homeowners have heard anything from Construction Compliance Inc. of St. Petersburg about their houses. Meanwhile, subcontractors have filed hundreds of thousands of dollars in liens against the builder and its customers. Erik and Kathryn Matthews, for example, are still waiting for their house and have seen the following liens filed against them: Kimal Lumber, $9,801.20; Sunbelt Electric, $5,076.70; Jodfer Land Service, $12,600; H.D. Supply/Cox Lumber, $3,517.09; and Residential Dry Wall Inc., $6,622.00.The total: $37,616.99.

Read more...
 
Foreclosures up 51% - One out of 182 facing foreclosure
Written by Janet Ahmad   
Friday, 12 January 2007

Florida Foreclosure Hotline Counsels 'At-Risk' Homeowners
The Florida Foreclosure Prevention Hotline is teaming up with state and local authorities, local and national lenders, and other groups both public and private to provide Florida residents facing foreclosure with free foreclosure counseling.Currently, Florida ranks second in national foreclosures. One in every 182 Florida homeowners is facing foreclosure...Almost 1 million foreclosures were filed nationwide in 2006, more than a 51-percent increase from the previous year. Two Florida cities rank in the nation's top 10 foreclosures"€”Ft. Lauderdale is second and Miami is fourth.

Last Updated ( Monday, 15 January 2007 )
 
SLAPP meant to silence consumer failed
Written by Janet Ahmad   
Thursday, 11 January 2007

Johnson Development SLAPP-suit in Texas settled after nearly a 2 year battle with homeowners!
In 24 states, after a surge of SLAPP-suits over several decades, legislatures began to add statutory protections stopping SLAPP-suits before they can severely harm families/consumers. Since developers/builders use these tools to silence most often (Canen & Pring, 1996) they resisted in many states. In Texas the lobby blocked four fairly recent attempts. Where does this leave you? In our case, after nearly 2 years of litigation in a developer friendly court, we ended up settling. We consider it a stale-mate that may have cost the company conservatively attacking us close to half a million dollars (of course it cost us our life savings defending it and eventually our home).

Read more...
 
Home builders, home improvements, remodeling and auto dealers top the list of BBB complaints
Written by Janet Ahmad   
Thursday, 11 January 2007

Consumer complaints rise at BBB
The Charlotte-area Better Business Bureau processed 11,389 complaints from consumers last year, a 30 percent increase on the 8,776 in 2005. Top industry complaints for the area were in the following industries: home improvements and remodeling, auto dealers, home builders, furniture and auto repair and service.

Last Updated ( Saturday, 13 January 2007 )
Read more...
 
States compete for highest foreclosure rates
Written by Janet Ahmad   
Thursday, 11 January 2007

High home foreclosures signal Ohio's bigger economic problems
Ohio again leads the nation in home foreclosures, an indicator of how the state's lag in adding jobs is leading people to have trouble paying their bills, economists say. New foreclosure filings in Ohio increased by 1 percent in the third quarter of 2006 from the second quarter, trailing only Michigan and Rhode Island for the largest increase, according to the study of 42.6 million residences with one to four units.

Last Updated ( Saturday, 13 January 2007 )
Read more...
 
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