Hagens Berman Sobol Shapiro has filed a series of class-action lawsuits against KB Home, Countrywide and LandSafe. The suit claims that the builder, lender and appraisal company "conspired to systematically, artificially and illegally rig home appraisals in KB developments in an effort to boost home values and sales prices."
According to the complaint, when a KB homebuyer came to Countrywide for a loan, Countrywide sent all the appraisals to one specific person at Landsafe. This appraiser would write the appraisal at whatever value KB and Countrywide ordered.
Steve Berman, managing partner at Hagens Berman Sobol Shapiro, states “these three created a systemic and tightly controlled process to inflate home values and home sales with no regard for the homeowners or the dangerous loans the companies pushed on unsuspecting purchasers."
The lawsuits represents anyone in Arizona, Nevada, California, Texas, Colorado, Florida, South Carolina or North Carolina who purchased a home through KB Home and whose loan went through Countrywide. The law firm would like to hear from homeowners in these states who purchased their house from KB Home and financed through Countrywide. To contact attorneys please join this case or contact attorneys at kbhomes@hbsslaw.com.
1 comment:
Yes I bought a KB Home - the worst, just Google "KB Home Sucks". We will support anyone with a KB Home complaint - they just want your money so their execs can compensate themselves like Bruce Karatz. http://www.akbhomesucks.com
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