homeowner files class action - Loan Modification Forum

dan m · 11-02-2009, 08:35 AM

Lathrop homeowner sues Pulte, claiming business model led to consumer harm

October 28, 2009 2:47 PM

A Lathrop homeowner has filed a class-action lawsuit against the nation's largest home builder, claiming the company used a “one-stop shopping” business model allowing it to control sales, financing, ancillary services and appraisals. The lawsuit alleges that Michigan-based Pulte Homes fraudulently propped up home prices and sales in a “house of cards” scheme that eventually caused values in its developments to plunge. The suit was filed in U.S. District Court, Northern District of California, of by Seattle law firm Hagens Berman Sobol Shapiro. The suit was filed Friday in Oakland. It claims Pulte artificially propped up sales and home sale prices through its control of the process.
Read Thursday's Record for more on this story.

Lathrop homeowner sues Pulte, claiming business model led to consumer harm | Recordnet.com

AZOwner · 11-02-2009, 09:25 AM

Huh, I like the angle.

I know my 2nd with an ARM was locked in for 6 months before I could refi. Used Ryland Mortgage, andhad to in order to receive the "low introductory rate" and 80 thousand in "upgrades".

Good for THEM! Get moving, take action NOW!

11-02-2009, 08:35 AM	#1 (permalink)
dan m Senior Member Join Date: Aug 2009 Location: Manteca- California Posts: 134 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	homeowner files class action Lathrop homeowner sues Pulte, claiming business model led to consumer harm October 28, 2009 2:47 PM A Lathrop homeowner has filed a class-action lawsuit against the nation's largest home builder, claiming the company used a “one-stop shopping” business model allowing it to control sales, financing, ancillary services and appraisals. The lawsuit alleges that Michigan-based Pulte Homes fraudulently propped up home prices and sales in a “house of cards” scheme that eventually caused values in its developments to plunge. The suit was filed in U.S. District Court, Northern District of California, of by Seattle law firm Hagens Berman Sobol Shapiro. The suit was filed Friday in Oakland. It claims Pulte artificially propped up sales and home sale prices through its control of the process. Read Thursday's Record for more on this story. Lathrop homeowner sues Pulte, claiming business model led to consumer harm \| Recordnet.com __________________ A free people ought not only to be armed and disciplined, but they should have sufficient arms and ammunition to maintain a status of independence from any who might attempt to abuse them, which would include their own government. — George Washington

11-02-2009, 09:25 AM	#2 (permalink)
AZOwner Senior Member Join Date: Jul 2009 Location: Phoenix, AZ area Posts: 323 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: homeowner files class action Huh, I like the angle. I know my 2nd with an ARM was locked in for 6 months before I could refi. Used Ryland Mortgage, andhad to in order to receive the "low introductory rate" and 80 thousand in "upgrades". Good for THEM! Get moving, take action NOW! __________________ PETITION TO THE U.S. GOVERNMENT FROM AMERICAN HOMEOWNERS \| Petition2Congress \| Our Huffington Post Article: (leave a comment) http://www.huffingtonpost.com/richar..._b_342665.html

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