Monday, May 18, 2009

United Homes a giant scam

From WNYC:

We’ve heard a lot of stories about predatory lenders and unscrupulous practices in the real estate business. But amid all these stories, one company stands out: it’s called United Homes. They’ve boasted they’ve sold thousands of homes in the poorest sections of New York City in the past 15 years. Huge numbers have gone into foreclosure, and now lawyers allege the company suckered people into buying defective homes for way more than they were worth. WNYC’s Ailsa Chang reports on the story of one victim who’s fighting back.


Anonymous said...

Only a matter of time before some dolt cites "predatory borrowing."

Mortgage refinancing said...

Abhorrent practices by lenders within the mortgage industry are called abusive lending. Choosing the right lender is not easy… Earned or borrowed cash are all at stake, specially your home. That’s why it is very important to be watchful and evade those Rapacious Lenders.

rita said...

united homes will have to answer to a higher judge.They are squandrels and theives.the cry of the poor goes up to my GOD that i serve.