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LATEST NEWS
Senate hearing on surging foreclosures
Written by Janet Ahmad   
Sunday, 24 September 2006

Avoiding mortgage crisis is a priority
Lenders have to help distressed borrowers find a way to dig out, and all the participants, including home builders, have to reform their business -- or someone else will do it for them. The pressure is already building. In a Senate hearing last week, regulators criticized the recent wave of exotic loans that are squeezing many homeowners and will soon hit thousands more...The problem has been evident in Texas for a while. Foreclosures have been rising at double-digit rates for four years, and unlike other parts of the country, home values haven't appreciated enough to bail out borrowers.

Read more...
 
Bully Tactics Could Bite Builders
Written by Janet Ahmad   
Sunday, 24 September 2006

Second Homebuilder seeking restraining order to prohibit free speech
This one could qualify as one of the biggest blunders by overconfident builders in history. As the result of the creation of the Texas Residential Construction Commission (TRCC) builders have become overly confident in their ability to bully and havd begun suing their customers for publicly complaining...The most bizarre move of all – Choice Homes claims the Freeland's have breached their contract for not initiating legal action.

Last Updated ( Sunday, 24 September 2006 )
Read more...
 
Kentucky: Beazer Inherits Leaking Home Responsibility
Written by Janet Ahmad   
Sunday, 24 September 2006

Residents of The Enclave hope bricks and windows will solve ongoing problems with seeping water
It's a familiar story in The Enclave, a desirable south Lexington neighborhood of 148 houses that has been turned into a construction zone of debris containers and scaffolding. Most of the houses, which sell for up to $240,000, have suffered water damage, and Beazer Homes -- which bought the company that built the subdivision -- is in the middle of massive repairs.

Last Updated ( Sunday, 24 September 2006 )
Read more...
 
Florida Builder Greed creates hardships for buyers
Written by Janet Ahmad   
Sunday, 24 September 2006

Building too fast
Rapid growth is a big issue across the Bay area, and it's causing growing pains from Citrus to Manatee counties. Single-family homes are popping up like daffodils in spring as more people head north of Tampa Bay. According to Hernando County's building department, permits for single-family homes have more than doubled since last year.

Last Updated ( Tuesday, 26 September 2006 )
Read more...
 
Homebuilder accused of running the largest federal mortgage fraud scheme post bail
Written by Janet Ahmad   
Saturday, 23 September 2006

Homebuilder on bail until appeal
One of two Rochester homebuilders, who with their father were accused of running the largest federal mortgage fraud scheme ever prosecuted in the region, was released from prison on bail while he appeals his conviction.The Amicos were convicted in 2003 of conspiring to swindle lenders out of $60 million on 169 homes in Monroe, Ontario and Wayne counties from 1994 to 2000.

Read more...
 
HOBB Press Release: Local Homebuilder Attempts to Deprive US Army Colonel of Constitutional Rights
Written by Janet Ahmad   
Friday, 22 September 2006

SITTERLE HOMES FILES FRIVOLOUS LAWSUIT AGAINST ACTIVE DUTY SOLDIER STUCK WITH DEFECTIVE HOME
In this unprecedented move of revenge, Sitterle's has done the unthinkable by filing a suit to oppress the free speech of a US Army Colonel who continues to serve his country, which creates a scandal that even the building industry must find outrageous. According to the Colonel in a written statement, this experience with the TRCC and the Sitterle Corporation has been more stressful than his combat tours in Iraq (Operation Iraqi Freedom) and Pakistan (Operation Enduring Freedom) combined.

Last Updated ( Friday, 22 September 2006 )
Read more...
 
Sitterle Homebuilder sues Active Duty Army Colonel
Written by Janet Ahmad   
Friday, 22 September 2006

Local builder sues customer: Dispute over basement leaking escalated into Web site complaint
Sitterle filed a libel suit against the homeowner this week, accusing him of writing defamatory statements on a consumer advocacy Web site about the company's alleged refusal to fix leak problems in the hillside home...Last month, Jay Hirata posted complaints about the builder on the discussion board of a San Antonio-based consumer advocacy group's Web site, Home Owners for Better Building.  See posted complaint

Last Updated ( Monday, 11 December 2006 )
Read more...
 
Fighting foreclosures
Written by Janet Ahmad   
Friday, 22 September 2006

Legislators want to make public the names of those linked to loans
Trying to halt record numbers of home foreclosures, legislators want to make public the names of mortgage brokers, appraisers and other professionals connected to each mortgage loan. N.C. Commissioner of Banks Joseph Smith told a special legislative committee on Tuesday that his office needs the names of mortgage brokers and other loan originators to investigate mortgage fraud and resulting home loan foreclosure.

Last Updated ( Friday, 22 September 2006 )
Read more...
 
New Jersey in the news
Written by Janet Ahmad   
Friday, 22 September 2006

Homeowners pay thousands to fix mistakes by code official
One woman had to take a wrecking ball to $30,000 worth of construction on a two-story garage and start building from scratch.

Last Updated ( Friday, 22 September 2006 )
Read more...
 
Foreclosures up 24%
Written by Janet Ahmad   
Friday, 22 September 2006

Local Victims of Alleged Mortgage Fraud
The number of Americans who are finding their homes in foreclosure, is rising at a staggering rate... up 24 percent between July and August of this year alone! Ohio, Indiana, and Kentucky are all among the 25 states with the highest foreclosure rates.  And some of those families may be losing their homes as the result of mortgage fraud. There are two ways that mortgage fraud happens.

Last Updated ( Friday, 22 September 2006 )
Read more...
 
FLOODED WITH PROBLEMS
Written by Janet Ahmad   
Friday, 22 September 2006

Creekside Homes May Violate Deed Restrictions, FEMA Floodplain
A temporary injunction has been issued against a housing developer after three creekside homes in Pleasant Retreat Acres were built in possible violation of the property's deed restrictions, prompting legal action from the homeowners association. The homes were also built improperly...As of last week, the homes were estimated to be between 75 and 90 percent complete. A concrete slab and some dirt work signals the suggested locations of a fourth or perhaps fifth structure.

Last Updated ( Friday, 22 September 2006 )
Read more...
 
Caulk is for lazy people
Written by Janet Ahmad   
Friday, 22 September 2006

Caulk Is Cheap
"Caulk is for lazy people. Caulk is what you use when you screw something up. Before caulk existed, people actually had to build things right the first time. I have renovated at least five Victorian-era homes. None had any caulk on them. Those houses are still standing and I'm pretty sure will continue to do so for many years. I'm not so sure many of the new houses I've seen will be around in 20 years.

Last Updated ( Friday, 22 September 2006 )
Read more...
 
29 Homeowners sue Lennar Corp
Written by Janet Ahmad   
Thursday, 21 September 2006

Residents say the developer's homes have defects ranging from cracked concrete to faulty plumbing
The owners of 29 houses in the Las Flores area near Rancho Santa Margarita are suing developer Lennar Corp. for $2.9 million, claiming the residences have defects because of faulty design and construction.

Last Updated ( Friday, 22 September 2006 )
Read more...
 
Head building inspector under criminal investigation
Written by Janet Ahmad   
Thursday, 21 September 2006

State yanks licenses of Newark construction official
The state has revoked the professional licenses of the recently suspended head of Newark's building inspections office and has referred the investigation of his predecessor to state criminal investigators, the commissioner for the state Department of Community Affairs said.

Read more...
 
Arizona Builder walks away
Written by Janet Ahmad   
Thursday, 21 September 2006

Home buyers face long battle to recoup money from shuttered Turner-Dunn The Phoenix-based builder walked away from hundreds of home lots in Pinal County last spring, leaving in its wake millions of dollars owed to banks and subcontractors, lawsuits, an ongoing Arizona Department of Real Estate investigation, unfinished homes and home buyers who paid thousands of dollars each in hopes of finally getting their big dream home.

Read more...
 
Mortgage Protection Advocacy Group Expands
Written by Janet Ahmad   
Thursday, 21 September 2006

Advocacy Group Expands Consumer Mortgage Protection Services For All Homeowners Americas Watchdog, in partnership with it's National Mortgage Complaint Center has increased the services it offers to individual homeowners with problems and or prospective homeowners on the verge of financing a home. Sixty million American homeowners were either over- charged/cheated, or will be taken advantage of when they finance or refinance their home.

Last Updated ( Wednesday, 27 September 2006 )
Read more...
 
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