Liens Filed Against Builder: Three Contractors Say KB Home Must Pay Them $855,000
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By Melissa Followell, The Bradenton Herald, Fla.  Mar. 3--MANATEE -- KB Home's first foray into Manatee County raised eyebrows last month when the company announced it would be selling the Willowbrook townhome community to a property management company in order to go rental.
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KBR, the government contracting firm formerly under Halliburton, did not keep accurate records of gasoline distribution, put its employees in living spaces that may be larger than warranted and served meals that appeared to cost $4.5 million more than necessary under a contract to perform work in...
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The Fair Game column on Feb. 3, about problems at mortgage lenders, misstated the circumstances surrounding a bankruptcy filing related to the home mortgage lending unit of NovaStar Financial. An involuntary petition to force the unit into bankruptcy was filed with the court on Jan. 24 by a creditor who won a $49 million judgment against the unit; the unit did not file for bankruptcy. (On Feb. 7, the judge overseeing the case ruled against the petition.).
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By Najiah Najib; Kalbana  Perimbanayagam  L.T. TAN, of Klang, is upset he has to settle his former tenants' water and electricity bill which had accumulated to more than RM8,000.
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As previously announced, KB Home's past stock option grant practices are  being investigated by the Securities and Exchange Commission. The  Department of Justice is also looking into these practices but has  informed KB Home that it is not a target of this investigation.
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Hundreds of lawsuits are being filed on behalf of borrowers who legal advocates say were shoehorned into homes beyond their means with creative and onerous mortgages.
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The loss of $854 million exceeded fears about how badly the bank was hurt by its subprime mortgage bets.
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KB Home, the No. 5 U.S. home builder, said on Friday the Justice Department was looking into past stock options practices at KB, but added the agency said KB Home was not a target of the investigation.
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Fannie Mae yesterday agreed to pay the government $7.5 million to settle a case in which the Justice Department alleged that the giant housing-finance company knowingly accepted proceeds of a mortgage scam.
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KB Home , the No. 5 U.S. home builder, on Thursday said its net profit fell, citing an oversupply of new and resale housing inventory and continued weak demand.
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Several plaintiffsâ lawyers have asked the judge overseeing the $4.85 billion settlement to allow them to keep some of their clients outside the settlement while others accept it.
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KB Home  posted a quarterly loss of nearly $773 million on Tuesday, including charges for shrinking land values and abandoned projects, as the U.S. housing market braced for another rough year in 2008.
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Five D.C. residents who say they were tricked into signing away their homes have reached out-of-court settlements that enabled them to regain ownership and a total of $455,000.
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KB Home  posted a quarterly loss of nearly $773 million on Tuesday with abandonment and impairment charges as the U.S. housing market continued to decline, and said it expects another tough year for the industry in 2008.
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BROWARD COUNTYFla. - A near $1 million lien has been filed againt all-time hit king Pete Rose. The IRS in Broward County, Fla., filed the lien, which contends that Rose, a former Cincinnati Red, owes the government more than $973,000 for taxes dating from ...
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The nationâs largest homebuilder posted a first-quarter loss of $128.8 million on charges to write off inventory and land values amid the continuing housing slump.
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"I'm concerned because I paid $105 million, and I want it right."  The restored and expanded state Capitol has sprung some water leaks that have damaged several offices, soaking carpets and staining recently painted walls. via NewsChannel 8