Complaint / review text:
I bought my home in 2004 for $288K in a city where the average home price (even with the housing boom in full gear) was less than $100k. Dr. Horton took advantage of buyers' fears and sold extremely overpriced homes in a location that didn't justify the price. The real injury came though, from the fact that they initially sold bulk amounts of homes to investors/speculators who had no intention of living in these homes. Almost immediately, most of these investors put their houses on the market which caused an immediate drop in our home values, then there were multiple foreclosures, and now the community is glutted with renters. Our home is now valued at approx. $130k due to the fact that the majority are either foreclosed on or for sale at a bottom barrel price; I am unable to get any type of mortgage modification or reduction because I still make enough to pay the original mortgage amount.