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  1. www.colonyridge.comColony Ridge Land, LLC.

    We are Owner Finance. Find Property For Sale. Looking for a place to live in North Houston, Northeast Houston, Cleveland or Plum Grove Areas? Find Property. About Your Property. Information about utility companies, applications, permits, construction, taxes, P.O.A. and other services. Find Out More. Payment Options.

  2. www.nbcnews.com › news › latinoJustice Dept. sues Colony Ridge, Texas developer, alleging it ...

    • Overview
    • From American dream to 'nightmare'

    The Justice Department and the Consumer Financial Protection Bureau have sued a Texas developer whom they accuse of targeting Hispanics with predatory loans, false advertising and subpar housing as part of an illegal land scheme.

    The lawsuit alleges Colony Ridge Development LLC and its affiliates lured in Hispanic homebuyers by falsely advertising homes with full basic utilities and selling them flood-prone property that did not always have promised utilities.

    The lawsuit names Colony Ridge Development LLC, Colony Ridge Land LLC, Colony Ridge BV and Loan Originator Services LLC.

    Colony Ridge CEO John Harris said in a statement that the developers were "blindsided" by the lawsuit.

    "We are concerned that the Justice Department would pursue this action. The lawsuit is baseless and both outrageous and inflammatory. Our business thrives on customer referrals because landowners are happy and able to experience the American Dream of owning property," Harris said. "We loan to those who have no opportunity to get a loan from anyone else and we are proud of the relationship we have developed with customers. We look forward to telling the true story of Colony Ridge."

    Federal officials allege in the lawsuit that developers exploited Spanish speakers' language barriers by providing them key documents and information in English and steering them to seller-financed loans that families could not afford. Borrowers often had to spend more money to make their homes habitable because they were on flood-prone properties, forcing many borrowers into foreclosure, the Justice Department said.

    See full list on nbcnews.com

    The Justice Department further alleged that properties that went into foreclosure were bought back for pennies on the dollar and resold at higher prices.

    Assistant Attorney General Kristen Clarke said in a statement that nearly 1 in every 3 Colony Ridge loans failed within three years, 10 times the national rate, which she said means thousands of Hispanic buyers have lost their homes “because of this scam.”

    “We heard from one woman who used the proceeds from selling her mother’s home to purchase a Colony Ridge property, only to discover that she would need to spend thousands of dollars to set up infrastructure for basic utilities, despite being told that those services were 'ready' on the property," Clarke said.

    Clarke said that the woman also was told the property would never flood but that during heavy rains, the flooding was so bad she could not get out of her neighborhood.

    Colony Ridge, marketed as Terrenos Houston and Terrenos Santa Fe, spreads over a vast unincorporated area of Liberty County about 30 miles northeast of Houston. The development, with about 40,000 lots, is nearly the size of Washington, D.C., officials said.

    “Colony Ridge promised the American dream, but we allege that in reality, it has delivered a nightmare for thousands of hardworking Hispanic families who hoped to build their homes in the Terrenos Houston community,” Clarke said.

    See full list on nbcnews.com

  3. www.bbb.org › colony-ridge-land-llc-0915-90051698Colony Ridge Land LLC | Better Business Bureau® Profile

    Mar 14, 2024 · Colony Ridge Land LLC is a land developer in Liberty County, Texas, that has been sued by the Attorney General and the Justice Department for fraudulent and predatory practices. The BBB profile lists current alerts, pending government actions, and business information for Colony Ridge Land LLC.

    • 23811 Fm 1485 Rd, New Caney, 77357, TX
    • (281) 399-5263

  4. www.linkedin.com › company › colony-ridge-land-llcColony Ridge Land, LLC | LinkedIn

    Colony Ridge Land, LLC is a real estate company based out of 1 Financial Plz, Huntsville, TX, United States. Website. www.colonyridge.com. Industry. Real Estate. Company size. 51-200...

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  6. colonyridge.land › informationInformation | Colony Ridge

    2023 © Colony Ridge Land, LLC. NMLS# 1459515 | Privacy Policy Complaint/Recovery Fund Notice

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