Friday, July 06, 2007

Beazer Homes Faces Another North Carolina Homebuyer Lawsuit

The Charlotte Observer reports:
  • "More Charlotte-area homebuyers are suing Beazer Homes, alleging a litany of misdeeds and claiming the company "fraudulently qualified" them for loans they couldn't afford.
    A lawsuit filed Tuesday by 10 homebuyers in northern Charlotte's Oak Hill development says a Beazer sales agent, Roderick D. Williams, falsified documents to help buyers get loans for Beazer homes. Williams and Beazer Mortgage, which arranged five of the loans, are also named as defendants."

Charlotte, North Carolina attorney Ken Davies, whose firm represents the mostly first-time homebuyers, calls the litigation "an abuse-of-trust case." His clients claim that that they were told they could afford the homes and could qualify for the financing. "They had a right to rely on the professionals to guide them appropriately," says Davies. For more, see Beazer facing new suit (Oak Hill homebuyers say they weren't properly advised about loans).

Go here for other posts on Beazer Homes, including links to investigative reports on Beazer by The Charlotte Observer.