More On Metro Dream Homes / Metropolitan Grapevine

In Virginia, The Free Lance-Star reports:

• "The owner of a brand-new house in Spotsylvania County rues the day he went to a Metro Dream Homes meeting in Herndon. He was skeptical at first of the company's promise to pay off a new mortgage in five years if some of the sale price was invested in its related businesses. "It seemed too good to be true," he said of the company, which is currently being investigated by Virginia's State Corporation Commission."

Reportedly, the La Plata, Maryland resident and his wife paid the then-$4,500 admission fee for the Metro Dream Homes' program. Ultmately, they purchased a newly constructed home from Castle Builders of Fredericksburg. Reportedly, at the closing, Castle Builders cut a check for $50,000 directly to Metro Dream Homes. Among other things, the homebuyer is wondering if the $50,000 should have been included on the closing statement. As promised, Metro Dream Homes began making the $5,000 monthly mortgage payment and, as of now, there has been no official determination of wrongdoing by a court or state regulators.

However, now that the Maryland Attorney General ordered Metro Dream Homes to cease recruiting new members to the program until a hearing on the matter can be had in front of a judge, the couple is concerned about the legitimacy of the program.

For more, see Is his 'Dream' house turning into nightmare? (Spotsylvania County home owner is embarrassed to discover Metro Dream Homes wasn't what it seemed).

For story update, see Federal Court Denies "Dream Homes" Request To Lift Cease & Desist Order (10-2-07).

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