The Justice Department has filed a lawsuit against Colony Ridge Development LLC, a Texas-based developer, alleging predatory lending practices targeting Hispanic borrowers. The lawsuit accuses the developer of operating an illegal land sale scheme, offering subpar, unfinished homes with hidden costs to exploit a language barrier and push predatory financing arrangements. The lawsuit also alleges that the developer aimed to resell properties after borrowers defaulted. The lawsuit has drawn attention from various figures, including Assistant AG Kristen Clarke and Texas AG Ken Paxton, who have been called upon to investigate the matter.
Outside real estate firms buy up Indiana properties, run them so poorly it leads to scams and evictions, then throw up their hands and say: “Not our fault.” This happened in South Bend, but it’s a statewide trend. Via @SBTribune @indystar https://t.co/rfnZGHSIlS
Police destroyed Amy's house while looking for a suspect in a shooting. It was the wrong house - the suspect was in a different part of town. This is the latest case in @IJ's project to ensure the 5th Amendment requires compensation when government destroys private property. https://t.co/VFLQHD6lkm
Indiana police inflicted thousands of dollars of damage on Amy Hadley's house during a SWAT raid, the result of a faulty investigation. The government left her to pick up the tab after officers dismantled and wrecked much of her home. https://t.co/V2irK30nfy
Florida's SB 264 unfairly targets Chinese home seekers and current homeowners while leading to racial profiling of all Asian Americans wishing to buy a home. This past weekend, CAPAC Chair @RepJudyChu joined civil rights leaders in Miami to speak out against this law. https://t.co/cozCzrn5vc
Why the real estate business sucks: (*at least for the first decade or two) Without a proven reputation or long-term relationships, the only way to buy properties is by paying more than anyone else. Hard to get ahead by paying more without a differentiated strategy but those…
Justice Dept. sues Colony Ridge, Texas, developer alleging it preyed on Hispanics https://t.co/aeUEzdjT5B via @SuzGamboa
This is Amy Hadley & her kids, Kayla & Noah. In June 2022, police tossed dozens of tear gas bombs into their home, smashed windows, punched holes in the wall & more. A cop's error led them to Amy's home. She hadn't committed a crime. The gov't won't pay her back. A thread. https://t.co/CB8IcbqLnu
DOJ sues Texas housing developer for preying on hispanic buyers with "bait and switch" loans https://t.co/ccXDQB8bSD
The Justice Department and the Consumer Financial Protection Bureau have sued a Texas developer whom they accuse of targeting Hispanics with predatory loans, false advertising and subpar housing as part of an illegal land scheme. https://t.co/aEq2T2CNsP
.@GovAbbott & the Texas GOP spent months fearmongering about the immigrants living in Colony Ridge. Their concern should have been with the developers exploiting Latino families trying to achieve the American dream of owning a home. I'm glad to see @TheJusticeDept investigating. https://t.co/Lgkbn8L3Pu
From American Dream to 'nightmare' The Justice Dept. filed a lawsuit against Texas developer Colony Ridge, accused of targeting Hispanics with predatory loans, false advertising and subpar housing as part of an illegal land scheme. https://t.co/CRTCXFv6HY
The Justice Department on Tuesday filed a lawsuit alleging that a Texas developer targeted Hispanic residents in a scheme to sell them subpar, unfinished homes with hidden costs in hopes that they would default and the properties could be resold. https://t.co/gyV8I7FIL7
A new state law is thwarting faculty at Florida’s public universities who want to hire Chinese graduate students and postdocs to work in their labs. https://t.co/tR4ZuX4kWI
US charges Texas developer with allegedly targeting Hispanics in land sale scheme https://t.co/UcEslUefrV https://t.co/9M43eDwra5
Indiana woman’s home was tear-gassed and damaged during a SWAT raid. Police had the wrong house. https://t.co/LSpy6KDcYG
⚠️ US DOJ, CONSUMER BUREAU SUE TEXAS DEVELOPER FOR PREDATORY LENDING Federal prosecutors and the top U.S. agency for consumer financial protection are suing a Texas real estate developer they accused of targeting thousands of Hispanic borrowers in a fraudulent land sale scheme,… https://t.co/iypRxNf0Db
"Today’s complaint alleges that Colony Ridge targeted Hispanic consumers with predatory loans." In a subdivision catering to illegal immigrants and rife with cartel activity, the only offense the DOJ wants to prosecute is . . . racism. https://t.co/HsVizC2XAe
EXCLUSIVE: The Texas-based architectural firm LPA is offering a segregated scholarship program that is open to all groups, except for white men. This is flat-out racism and Texas AG @KenPaxtonTX should investigate them. https://t.co/ohrspLwEg0
BREAKING: The @TheJusticeDept is suing @ColonyRidgeTX, alleging that it "exploits a language barrier" to push "bait-and-switch sales" with predatory financing arrangements. Read in @realDailyWire https://t.co/fjfU23XGXt
Assistant AG Kristen Clarke announces lawsuit against Colony Ridge Development LLC "for operating an illegal land sale scheme and targeting tens of thousands of Hispanic borrowers with false statements and predatory loans." https://t.co/8Cu0G1DMCe