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Richmond American Homes and Countrywide may have engaged in a scheme to artificially inflate the appraised value of homes built by Richmond American Homes.

Click here if you have had similar experiences as those affected by this investigation.

Investigation Source

Hagens Berman Sobol Shapiro LLP

1301 Fifth Avenue
Suite 2900
Seattle, WA 98101

Investigation Scope

Arizona | California | Colorado | Delaware | Florida | Illinois | Maryland | Nevada | New Jersey | Pennsylvania | Utah | Virginia | West Virginia

Category Information

Investigation Topic

Inflated Appraisal

Product or Service

Home Appraisal

Injury Types

Monetary Loss
Foreclosure

Investigation Details

This is an ongoing investigation and potential class action against Richmond American Homes and Countrywide.

The investigation is based on reports from homeowners claiming Richmond American Homes may be engaged in agreements with Countrywide to inflate the appraisal value of Richmond American homes.

These homeowner reports suggest that Richmond American Homes may have artificially inflated the home appraisal values of new homes with Countrywide, driving up home sale prices and pushing unsuspecting homeowners into dangerous loans.

The homebuilder operates in Colorado, Maryland, Virginia, Arizona, California, Delaware, Florida, Illinois, Nevada, New Jersey, Pennsylvania, Utah and West Virginia.

If you purchased a home through Richmond American Homes from 2006 to present, you may have information material to this investigation.

Defendant Details

Name (Stock Symbol)	Brief Description
Countrywide Financial Corporation	Countrywide Financial Corporation originates, services and resells home loans. It is owned by Bank of America.
Richmond American Homes	Richmond American Homes is a residential home builder. It is a wholly owned subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC).

Click here if you have had similar experiences as those affected by this investigation.

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