Tuesday, June 12, 2012

FBI May Step Into Schertz Real Estate Issue

Two neighborhoods in Schertz that have been plagued with issues may have gained the attention of the FBI. According to a report by News 4 WOAI, Assistant U.S. Attorney Bud Paulissen has brought complaints of homeowners in Fairhaven and Stablewood Farms alleging that their builders attempted to defraud federal agencies by facilitating government financing of homes on unstable lots.

In the case of Fairhaven, the builder, Pulte Homes, is accused of providing faulty foundations, and in Stablewood Farms homeowners have reported sink holes opening up in their yards and causing foundation damage. WOAI quotes the letter as claiming that "the land was know [sic] to the builder to be unsuitable at the time of the certifications." Paulissen in the letter also asks Special Agent Ozzie Alaniz to contact the Department of Housing and Urban Development Office of Inspector General to see if they will participate in the inquiry. 

In purchasing your home, one of the primary functions of a buyers' agent is to advise clients in choosing potential neighborhoods. Foundation issues occurring in multiple home sites in a specific neighborhood may or may not influence your decision to purchase, but a buyer's agent familiar with the market will be able to guide you in asking the right questions before you make a buying decision. 

If you would like more information about buying or selling a home in the greater Schertz area, contact the Claus Team today.

No comments: