Thursday, August 23, 2007

United against United Homes

The victims of the alleged scheme say they were sold houses in Bedford-Stuyvesant, Bushwick and Brownsville - some at more than $100,000 over their actual value - after responding to ads for United Homes in the Daily News and on subway billboards.

HOME BUYERS: WE WERE DUPED

They say the ads - which always featured minority families and the tagline "We can Make a Dream Come True" - targeted them because they were financially inexperienced.

Now, several of the first-time home buyers are in foreclosure on their mortgages
.

Suit: African-Americans targeted in 'lemon' home sales

Taking a look at the offerings on their website, they see, to only specialize in crap.

2 comments:

georgetheatheist said...

First, lenders were criticized for not being in minority nabes, then criticized for being in them! Go figure.

Caveat emptor.

[Just what is being taught in Economics classes in the city school system?]

Anonymous said...

I was always taught at a very early age
to watch out for "deals"
that sound too good to be true.

Then again, I'm from another generation.
We didn't have "I-pods"
plugged into our ears all day!

If I spent too much time watching black & white TV
,instead of learning something useful,
my parents would have kicked my ass!

You are what you've learned !