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Colony Ridge

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Texas Attorney General Files Lawsuit Against Colony Ridge for Fraudulent Real Estate Practices

Texas Attorney General Ken Paxton has filed a lawsuit against the Colony Ridge development in Liberty County for deceptive trade practices, fraud in real estate transactions, and other violations of Texas and federal law. The lawsuit alleges that Colony Ridge targeted foreign-born and Hispanic consumers with limited access to credit, made false promises about land and financing, and misrepresented the conditions of the land and community. The predatory practices have led to a foreclosure rate 50 times greater than the national average, causing unjust harms to nearby communities.

via Office of the Attorney General (.gov)|

#attorney-general-ken-paxton #colony-ridge #fraudulent-practices

legal2 years ago•5 min saved

"Texas Developer Faces Federal Lawsuit for Targeting Hispanic Homebuyers"

Federal authorities have filed a lawsuit against Houston-area developer Colony Ridge, accusing it of targeting Latino homebuyers with seller-financed mortgages and setting them up for foreclosure. The alleged scheme involved misleading advertisements, high-pressure sales tactics, minimal down payments, and loans extended without assessing the buyer's ability to repay. The company also misrepresented facts about essential services, leading to unexpected expenses for borrowers. Roughly one-in-four Colony Ridge loans ends in foreclosure. The government is seeking injunctive relief, compensation for affected consumers, and penalties against the developer for violating federal laws. Colony Ridge denies the allegations and claims to have a positive relationship with customers.

via The Texas Tribune|

#colony-ridge #federal-lawsuit #foreclosure

lawsuit2 years ago•4 min saved

DOJ Files Lawsuit Against Colony Ridge for Predatory Loans and False Statements

The U.S. Department of Justice (DOJ) has filed a lawsuit against Houston-area developer Colony Ridge, accusing them of using fraudulent lending practices to target Latino buyers with false statements and predatory loans in rural Liberty County. The lawsuit alleges that Colony Ridge misled borrowers about infrastructure and exploited language barriers by conducting most of its marketing in Spanish while providing important transaction documents only in English. The federal government is seeking to halt these practices, provide relief for those harmed, and impose a civil penalty on the developers. Colony Ridge's CEO denies the allegations, stating that the lawsuit is baseless. The lawsuit highlights an unusually high foreclosure rate and the loss of the American Dream for many homeowners.

via The Houston Landing|

#colony-ridge #discrimination #doj

politics2 years ago•5 min saved

"Texas Legislature's Stance on Colony Ridge Development Revealed"

Despite being named a top state priority by Governor Greg Abbott, no major bills addressing the Colony Ridge subdivision have been filed or debated in the Texas Legislature's special session. Local officials refuted claims made by right-wing media and Republican elected officials that the subdivision had become too dangerous for law enforcement and overwhelmed local government resources. The CEO of the housing development testified that Colony Ridge offers affordable housing to residents, including immigrants, who otherwise would not be able to purchase a home. The issue has divided Republicans, with clashes between the establishment and hard-right factions. The governor's stance on Colony Ridge remains unclear.

via The Texas Tribune|

#colony-ridge #greg-abbott #immigration

immigration2 years ago•4 min saved

Texas Neighborhood Faces Right-Wing Backlash Over Immigration, Locals Fight Back

Colony Ridge, a neighborhood in Texas, has become the target of unsubstantiated claims by conservative media and GOP activists, alleging that it has become a magnet for immigrants living in the U.S. illegally and that cartels control pockets of the neighborhood. However, there is no evidence to support these claims, and residents, local officials, and the developer dispute the portrayals. The attention has thrust Liberty County, a Republican stronghold, into the center of immigration politics, with Republicans using the issue as a focal point for next year's elections. The developer, who has donated to Gov. Greg Abbott's campaigns, has invited lawmakers to see the neighborhood for themselves.

via CBS News|

#colony-ridge #gop #immigration

immigration2 years ago•12 min saved

"Unveiling the Dark Reality: The Alleged Haven for Illegal Aliens near Houston"

Colony Ridge, a massive housing development near Houston, Texas, is facing controversy and accusations of being a "haven for illegal aliens" and a hub for drug cartels. The development, which covers 40 square miles and houses up to 75,000 people, offers financing without credit and residency checks, attracting undocumented migrants. Critics claim that the development is poorly constructed, environmentally unsafe, and operates on predatory loan practices. Local authorities report a surge in crime and drug overdoses in the area. The developers deny the allegations and argue that they are providing opportunities for home ownership to mainly US citizens of Hispanic descent. The controversy has led to calls for investigations and lawsuits against the developers.

via New York Post |

#cartels #colony-ridge #environmental-damage

politics2 years ago•8 min saved

Texas Developer Defends Neighborhood Amidst Republican Criticism and Cartel Allegations

The developer of Colony Ridge, a residential community near Houston, has defended the allegations that the development is a "magnet for illegal immigrants" and that its streets are overrun by crime. The developer denies using targeted Spanish-language marketing to attract undocumented people and argues that their marketing is focused on the Houston area, where most of their buyers live. State GOP leaders have expressed intent to investigate the development, with Governor Greg Abbott stating that the issues will be addressed in an upcoming special legislative session. The developer has invited lawmakers and state officials to tour the development to address the allegations. Critics have also raised concerns about flooding and strained public services caused by the development.

via The Texas Tribune|

#colony-ridge #crime #development