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Class action suit v. KB homes/Calif.

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JCONNOR3

Sophomore Member
Joined
Apr 6, 2007
Professional Status
Certified General Appraiser
State
Florida
I have a copy of filing against KB homes, Countrywide and involved appraisers. It is in PDF format which is quite lengthy. I will send it to anyone interested. Email me at [email protected].
 
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DonRico

Senior Member
Joined
Nov 26, 2002
Professional Status
Certified General Appraiser
State
South Carolina
J-

How about giving us the Executive Summary??

Did the new home values tank and the lawyers rounded up everybody carrying insurance??
 

JCONNOR3

Sophomore Member
Joined
Apr 6, 2007
Professional Status
Certified General Appraiser
State
Florida
Don

It is very complex and convoluted. Shows how it worked from the inside. Good read.
 

Patti Jury

Senior Member
Joined
Mar 23, 2002
Professional Status
Licensed Appraiser
State
Colorado
KB Homes has been in trouble for years...I remember stories about them way back in the mid 1990's. I can't believe that anyone with a brain and access to the internet would have anything to do with them.. I can't believe they are still in business.

From what I understand...they build a home, you buy the home and if it is still standing after five or so years...consider yourself...."one of the lucky ones"

just what I hear....
 

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
Got a $42M lawsuit against them in Arlington, TX. Built a subdivision on a WWII bombing range, knew about the potential of live bombs, and didn't tell anyone.
 
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