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Justice Department sues Texas developer accused of luring Hispanic homebuyers into predatory loans

Por: WPLG Local 10 Politics December 21, 2023

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WASHINGTON – The Justice Department filed its first predatory mortgage lending case Wednesday against a Texas developer accused of luring tens of thousands of Hispanic homebuyers into “bait and switch” sales through platforms like TikTok.The lawsuit focuses on a massive development northeast of Houston, Colony Ridge, that promises homeownership with advertisements in Spanish, but then steers applicants into buying properties without basic... + full article



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