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: The Home Equity Theft Reporter

Homeowner Paying Cash For New Home Faces Threat Of Foreclosure As Builder Accused Of Stiffing Contractors

By r morris

In Phoenix, Arizona, KPHO-TV Channel 5 reports:Some Valley homeowners are facing foreclosure even though they've paid their mortgages in full, thanks to a lien placed on the property by a contractor. Retired homeowner Danny Riggs paid cash for his home, but builder Brown Family Communities failed to pay the contractors who installed the windows, plumbing, drywall and air conditioning as well as

Full post as published by The Home Equity Theft Reporter on March 12, 2009 (boomark / email).