A KBHome Sucks
KB Home – the American Dream turned nightmare, from a KB Home owner who’s home construction sucks.
This website has been started because CEO Jeff Mezger and other executives at KB Home, have chosen to ignore us and our many requests they "buy back" this home.
UPDATE
AIR CONDITIONER FULLY BREAKS DOWN FOR THE THIRD TIME (in 3.5 years)
House
is an unbearable 96 degrees.
For the third consecutive summer this KB Homes air-conditioner has
blown up due to no one at KB Homes knows what the hell they're doing.
This proves once again there is no supervision and zero knowledge
and zero testing at KB Home. Photos and complete story on the KB
Home guide to installing and wiring Air Conditioners and Heat Pumps.
Anyone with a so-called KB Home/Green Home/Energy efficient home
need to stay tuned for this one 6-18-2009! You're not going to believe this
one. KB Home didn't even read the instruction manual on this install.
Cause and effect -
A KB Home Sucks! Complete details of all the construction defects and builder neglect are be posted ~ KB can't fix this Lemon and would rather have the customer suffer, A KB Home Sucks has supporting photographs, (all originals), PDF files and audio conversations. (Despite being advised we have audio home security equipment and the notices clearly posted outside and inside the house, KB Home representatives made outrageous comments. They admitted the responsibility was theirs for the major constructions defects with the home, stating they should have supervised the sub~contractors during building. It is hard to believe qualified contractors built this house.
Find Your KB Home (Lemon) Subdivision.
Here is
the latest news and links for over 400 KB Home subdivisions. Get
involved, there is power in numbers. Please give us feedback
on your KB Home. Is it a GEM? or is it a Lemon? KB Home Arizona,
KB Home California, KB Home New Mexico, KB Home Texas, KB Home
Nevada, KB Home South Carolina, KB Home North Carolina, KB Home
Georgia, KB Home Colorado, KB Home Indiana, KB Home Illinois.
Please report your issues, if your subdivision and street is
not listed please send us your confidential information.
Bruce Karatz is no golden carrot.
Here is the latest news and links for the former CEO of KB Home, he and his entourage
were at the helm of KB Home while this home was constructed. He's preoccupied
with stock manipulation instead of building a quality product. He's laughing
at the prosecutors saying why is the Government wasting their time with me?
How Can You Help? Is Your KB Home a LEMON? Follow us on Twitter
If your KB Home is a “Lemon” too, this website is for you.
We will be starting a blog and you will be able to post your own
experiences with this builder (Free membership registration required).
We will be adding resource links to help you and will work to get this site at the top of search engines. If you have information to share, others need to hear from you. We encourage you to share your story,so stay tuned to our work in progress.
If you haven’t purchased your home yet, this free website is intended to help other consumers avoid our experience with this home for the past three years and make informed decisions when choosing a home builder. Why should your hard earned money, your time and your sanity be challenged as well? If we only knew then what we know know ~ should be your warning as well.
If this is the HOMBUILDER OF THE YEAR for 2008 then no wonder the Building Industry is suffering. NO BAILOUT for poor building!
Countrywide Scandals ! Trial Set for March
1, 2010
A federal judge denied a request by the SEC to bring new claims in 2008 in
a trial set to begin March 1 that Bank of America Corp. failed to disclose
“extraordinary losses” by Merrill Lynch & Co. in the weeks before investors
voted on the takeover of Merrill Lynch in 2008. Read More
Angelo Mozilo charged with insider trading and securities fraud. Trial date to come.
Securities regulators filed charges accusing the 70-year-old Countrywide’s (now owned by BofA) former CEO, Angelo Mozilo of insider trading and securities fraud.
The man dubbed "Tangelo" by business media is the biggest name yet to be accused of wrongdoing by U.S. investigators probing the subprime mortgage crisis and housing market collapse.
On Thursday June 4th 2009, in a civil lawsuit filed by the U.S. Securities and Exchange Commission in Los Angeles federal court, regulators accused Mozilo of making more than $139 million in profits in 2006 and 2007 from exercising 5.1 million stock options and selling the underlying shares.
The sales were under four prearranged stock trading plans Mozilo prepared during the time period, the SEC said in the lawsuit.On another Countywide note:
Sources are saying
countrywide executive Stanford L. Kurland, Countrywide’s former
president, runs the company that signs on thousands of people to
hundreds of billions of dollars worth of lousy mortgages on overpriced
houses. He sells millions in stock and disappears before the spit
hits the fan. Nothing's his fault, of course. Mortgages like these,
and derivatives based on them, fall apart, sinking not only Countrywide,
but Fannie, Freddie, and dozens of others. The taxpayers are soaked
for billions to clean it up. I'm working on this story and will
post more on this and other Countywide executives and the KB Home
connection. See BofA sweeps it under the rug (UPDATE
BofA renamed Countrywide ~ paper shredders going full steam?) >>>
Our Complaints with this Lemon!
- Too many construction defects in the home
- Enormous number of repairs necessary
- Home not built to code
- Total negligence during building
- Too many leaks
- Too much standing water and soil erosion in the back garden
- Continual invasion of privacy from workmen and disruption of the home required for re~construction and repairs.
- Dampness and toxic fumes causing serious health problems
- Material differences in sub~division built and original plans to build more than 100 homes
- Only two homes built on this phase when KB Home abandoned the sub~division.
- Sub~division not well maintained or to city codes
- Failure to disclose major material facts that impact the sub~division at any time during the sales process or since closing.
There are so many construction problems that the contractors spend more time in my home than I do!
KB Home Sucks Twitter Feed:
BofA officially retires Countrywide brand
The Countrywide brand is no more, as Bank of America rolled out its rebranded Bank of America Home Loans unit on Monday April 24th 2009.
Bank of America acquired Calabasas, California based Countrywide on July 1, 2008, making BofA the country's largest mortgage lender. The unit remains based in Calabasas.
During the first quarter of 2009, Bank of America funded $85 billion in first mortgages, according to a statement from BofA. Of those loans, more than $16 billion went to low~ and moderate~income borrowers.
Other businesses gained through the Countrywide purchase will retain their brands, including Balboa Insurance Group and LandSafe, according to the BofA statement. BofA (NYSE: BAC) is based in Charlotte, N.C.
SEC Security and Exchange Commission charges KB
Home’s former Human Resources top executive with stock options backdating
scheme.
May 15 ~ the complaint alleges that Gary A. Ray, by concealing
his knowledge about stock option backdating at KB Home, Ray contributed
to KB Home's filing of a false and misleading quarterly report with the
SEC in 2006.
The SEC's complaint alleges that Ray used hindsight to pick advantageous grant dates for KB Home's annual stock option grants in order to enrich himself and others at KB Home. On many occasions, the grant dates coincided with dates of low monthly closing prices for the company's common stock.
(The Lemon never falls to far from the Lemon Tree? How many people did Gary A. Ray hire?) >>>