Texas Attorney General Files Lawsuit Against Colony Ridge for Fraudulent Real Estate Practices
Originally Published 1 year ago — by Office of the Attorney General (.gov)
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.