Headline News

National Association of Realtors' Spin is Counter-Productive

Might the NAR, by encouraging a fantasy, be actually hurting the housing market as a whole?

GOP Governors pay a price for hiding $1 million donation to Rick Perry

(TX) Rick Perry and a Republican governor's group have paid a price for trying to disguise a last-minute $1 million contribution to Perry four years ago from Houston homebuilder Bob Perry.

(Perry is the builder in the 10+ year old Cull/Perry construction defect case, in which the builder contributed to state supreme court justices who were to hear the case.)

Idaho homebuilder pleads guilty to knowingly hiring undocumented workers, faces prison, fines

Federal prosecutors: builder Stacy Clark Miller, knowingly hired illegal aliens to build houses in Twin Falls, Idaho.

Former Beazer Accounting Chief Indicted

Update on Beazer cases.

STURM v. HARB DEVELOPMENT, LLC

CT case involving personal liability of builder in construction defect case. Many times the builder's LLC protects him or her personally from lawsuit judgments, limiting the likelihood of collecting if you win. In this case the court allowed the homeowner to hold the builder personally liable as well as his company.

Developer has residents outraged over maintenance fee jump

(FL) Developer and builder John Zacco, Thoroughbred Homes, raised development's HOA fees from $25 mo. to $250 mo. per household. Homeowners say he raised fees to cover his legal costs for problems he himself created, (e.g. shoddy work, suing his customers, not being properly licensed, unenforceable sales contracts). The developer could foreclose on the homes regardless of paid up status of homeowner's mortgages.

BUILDING WOES PLAGUE COUPLE

(NJ) Donald E. Castor, who has done business as OMT Construction, Kellogg Hill Contracting and DLC Builders, allegedly onIy partially built the couple's house, walking away from the job with their money pocketed and without paying subcontractors.

Physician links Chinese drywall, premature aging

In this case, the homes are contaminated with hydrogen sulfide. The highly corrosive gas has been found in homes with drywall imported from China during the early to mid-2000s. It has been blamed for corroding air-conditioning coils and metals in electronics, and causing fires. Residents also said that the gas is what is causing the symptoms they've been experiencing.

Did The Roman Empire Have Corporations?

Charles Hugh Smith writes about the lack of accountability of corporations and the effect on the country.

Developer's bankruptcy raised in plea to drop fraud case

(KY) Builder Wendell Lynn Willham, Arbor Ridge Development Inc. and American Dream Builders Inc., argues that his bankruptcy filing should get him out of fraud charges for taking customers' money, delivering nothing, and leaving them without even clear title to their land.