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Article: UPDATE: Hagens Berman: Homeowners Claim KB Home, Countrywide and LandSafe Rigged Appraisals.
- Article from:
- PR Newswire
- Article date:
- May 8, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An alleged scheme to inflate home values pushes homeowners out the door.
SEATTLE, May 8 /PRNewswire/ -- A group of homeowners today filed a class-action lawsuit against KB Home , Countrywide Financial and LandSafe Appraisal Services, claiming the three conspired to systematically, artificially and illegally rig home appraisals in KB developments in an effort to boost home values and sales prices.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080317/AQM144LOGO)
The suit, filed in U.S. District Court in Arizona, claims KB and the other defendants inflated home prices by as much as $280 million in Arizona and Nevada alone during a three-year ...