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Florida AG slams KB Home

    Home Business Law Florida AG slams KB Home
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    Florida AG slams KB Home

    By joncoats | Business Law, Commercial Law, Corporate Law, Florida Law, Mortgages, Real Estate Law, Uncategorized | Comments are Closed | 19 February, 2016 | 10

    Article via: Noah Pransky, WTSP:

    “TAMPA BAY, Florida – Thousands of homeowners will be eligible for restitution after Florida’s attorney general struck an eight-figure settlement with KB Home, one of the largest homebuilders in the Southeast, over widespread construction defects and problematic business practices.  The deal comes three-and-a-half years after 10Investigates first exposed shoddy construction and questionable corporate behavior statewide.

    Since 2012, 10Investigates has followed the plight of homeowners who had given up hope of ever receiving compensation for their damages: condos crumbled due to poor stucco installation; water intrusion led to severe mold; and homeowners’ attempts to get warranties honored were all-too-frequently denied.

    A September 2013 investigation uncovered a lawsuit from a former KB Home human resources director alleging the home-builder knew condos at the troubled Willowbrook Townhomes in Lakewood Ranch had structural defects, but employees were ordered not to disclose them to home-buyers.”

    Read the full article here.

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