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Texas Attorney General Sues Real Estate Development for Fraudulent Practices

Texas Attorney General Sues Real Estate Development for Fraudulent Practices

by Phil Hall | Mar 14, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

Texas Attorney General Ken Paxton has filed a lawsuit against Colony Ridge, a real estate development northeast of Houston, alleging that it engaged in deceptive trade practices and fraudulent real estate transactions. Paxton’s lawsuit stated Colony Ridge...
CFPB and DOJ Sue Texas Developer Colony Ridge, Alleging Illegal Land Sales

CFPB and DOJ Sue Texas Developer Colony Ridge, Alleging Illegal Land Sales

by Phil Hall | Dec 20, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) and the U.S. Department of Justice (DOJ) have filed a lawsuit against the Texas-based developer and lender Colony Ridge, accusing the company of operating an illegal land sales scheme targeting tens of thousands of...

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