An elaborate scheme deceived consumers into buying overpriced manufactured homes and agreeing to loans they couldn’t afford, North Carolina Attorney General Roy Cooper says in a lawsuit filed this week. [Press Release]
Cooper won a temporary court order Wednesday against several defendants named in the suit. He is seeking to stop the scheme permanently and win back money for consumers.
- Phoenix Housing Group, Inc. (Phoenix) sells manufactured homes and land/home packages and arranges financing for buyers. The company, headquartered in Greensboro, also does business as HomesAmerica and Southern Showcase Housing and has offices in Asheboro, Asheville, Burlington, Granite Falls, Greensboro, Hendersonville and Winston-Salem.
- K&B Homebuilders, Inc. (K&B) sells stick-built homes, modular home/land packages, and foreclosed homes in North Carolina. K&B was founded by a former Phoenix employee and currently employs several sales agents who used to work at the Phoenix store in Granite Falls.
- W.R. Starkey Mortgage, L.L.P (Starkey) of Plano, Texas provided financing for consumers who bought homes from Phoenix between January 2007 and September 2008.