DOJ settles their case with Colony Ridge Developers. They settle
DOJ settles their case with Colony Ridge Developers. They settle
DOJ settles their case with Colony Ridge Developers. They settled with the Feds for 68 Million dollars all the while refusing to admit they ran a fraud scheme against Latinos who were trying to buy homes, often repossessing a home that fell into foreclosure and reselling the same property multiple times. They were also charging higher interest rates and the utilities and sewer systems failed. The predatory lending practices targeted Latinos by advertising in Spanish, using Hispanic sales and service people and offering new homes. Note their statement at the end of article. It's gonna be interesting bc they agreed to hault home selling for 3 years, but then what?? abc13.com/post/colon y-ridge-lawsuit-doj- announces-68-million -settlement-all
bam0301, Murry and jv339 + 3 more reacted
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BobRehak on ND does really well with drone photos and write up and keeps us informed on the floodplains and projects including northpark construction ,,,,,,lots of diligent work and photos and commentary....Great liaison with COH and MC
icare : He is Fabulous at keeping us informed!❤️
MissAmericanPie : The developers sell the same property over and over. So unethical! It will be interesting to see how this goes with them funding the local law enforcement! How's that gonna work out?
It will be interesting to see how this goes with them funding the local law enforcement! How's that gonna work out?
GirlonaBoat : I think there's no chance the developers actually pay what they agreed to pay.
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