Homebuilder Miller convicted

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Thanks :). Harry.

I believe that several of the large publicly traded builders have been investigated and fined for lending law violations. According to the Scottsdale Home Builder, it is about time that, Miller and his companion were finally convicted. Glad that something was finally done. He is hardly the only crook doing these schemes.

For years, consumers have been complaining nationwide about mortgage fraud, including homebuilders' involvement. Law enforcement told them it wasn't the government's problem, to "just get a lawyer and sue." This was a cop out answer because lawyers do not take such unprofitable cases, nor do civil courts address criminal behavior. Also, binding mandatory arbitration clauses in contracts kept many civil complaints out of court, out of public record, and often favored the industry with whom arbitrators did repeat business.

Several of the large publicly traded builders have been investigated and fined for lending law violations but the homeowners they harm rarely if ever get any justice, and settlements with the government almost always seem like pay-for-immunity, with their "no admission of wrong doing."

It is about time Miller and his gang were finally convicted. This has been going on for at least a decade, and many of his real victims--consumers--never saw justice in time to help them and will probably never receive restitution. I'm glad something was finally done but it's appalling that consumer complaints were not taken seriously and that only when banks were defrauded was something meaningful finally done. He is hardly the only crook doing these schemes; I'd like to see more convictions now that the housing bust has finally exposed that a lot of fraud was going on. Most of it was done by those in the industry according to the FBI in about 2004.