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Home Builder Owes Millions After Mortgage Laws Broken

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Beazer Homes found 1 in 5 homes are going into foreclosure as FHA rules were violated. They now face $15 Million in potential federal penalties as well as civil lawsuits from individual home owners. The Atlanta based home builder will have some tough waters to navigate as they find their way out of this current storm. The full article


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2007 Average Sales Price: 2.25 Million