D.R. Horton Class Action Lawsuit

[jar546]

What if the foundation of your ‘affordable’ dream home was built on a lie?
A nationwide builder and its lending arm are accused of hiding the full cost of ownership and trapping buyers in skyrocketing payments—read more on how this scheme works and what you should watch for.

Homeowners Sue D.R. Horton Over Deceptive Home Sales & Financing Scheme

Lawsuit Seeks Relief for Bait-and-Switch Practices That Hid the True Costs of Homes from First-Time Buyers

www.nclc.org

 

[Sifu]

Most likely deceptive, maybe to the point they lose and pay up. But, I have trouble understanding how anyone buys a home and doesn't find out what the property tax and insurance will be for themselves. May be somewhat a case of ignorance is bliss or willful suspension disbelief on the part of some buyers.

I just bought a house. I looked up the taxes on the county website. I called an insurance agent to get a quote on insurance. If I had a loan I would have added those figures to the principle and interest payment and thrown a flag if some lender was tying to blow smoke up my keister. I guess some don't do that kind of homework....on what is likely the single largest purchase in their life. But I also never accept the good faith part of a good faith estimate of closing costs.

 

[steveray]

Well at least I learned what RICO means...

 

[e hilton]

Seems like the true cost would be revealed at closing. But if Horton controlled the title company and the closing attorney, i can easily see deception.