Industry News

N.C. Attorney General sues manufactured-home seller

Real estate loan fraud among allegations

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Two North Carolina companies that allegedly deceived consumers into buying manufactured homes and land they couldn't afford have been hit by a civil lawsuit by the state's Attorney General. CMR Properties and Home Town USA, both of Fayetteville, N.C., were hit with a lawsuit by Roy Cooper, North Carolina's Attorney General, on July 29, Cooper's office said. The complaint also names managers Christopher P. Wollin, Jason Gonzales and Kendrick Jackson and former sales associate Wendell Lindo, the Attorney General's office said. Blaine Stowe, a mortgage broker who allegedly did financing for CMR and Home Town customers, and Jerry Honeycutt, accused of doing inflated appraisals, are also named. All defendants are North Carolina residents, Cooper's office said. Cooper is asking the court to permanently bar the defendants from deceiving consumers, entering into contracts with customers who don't qualify for financing, falsifying loan applications, arranging inflated land appraisals, fai...