• Defects Alleged: Widespread issues with shoddy construction—especially stucco cracking, water intrusion, and failure to build per codes or original plans.
• Outcome: KB Home reached a $23.5 million settlement with the Florida AG’s office. They also committed to fixing eligible homes (1,688 treated plus a total spend of ~$71 million), improve construction processes/training ($17 million), and pay restitution ($6.5 million). KB Home denied wrongdoing.
• Defects Alleged: Homeowners claimed stucco failures continued despite the 2016 settlement—walls crumbling and KB ignoring fix requests.
• Outcome: Ongoing litigation as of 2018, with homeowners charging KB with ignoring its legal obligations.
• Defects Alleged: Gross code violations including improper siding, poor drainage, roof leaks, heaving concrete, and trim damage. Homeowner values dropped dramatically, with homes “literally falling apart.”
• Outcome: Lawsuit filed by HOA seeking over $6 million in repairs—siding and potentially roof replacements.
• Context: Part of the wider Florida settlement, a class action basis flagged for homeowners who didn’t qualify for repairs but sought restitution.
• Outcome: KB Home paid $6.5 million to Florida’s AG office; homeowners could apply for restitution for verified defects.
Our attorneys can help you navigate the often-complex world of construction insurance claims. We can provide guidance on policy coverage, help you file claims, and represent you in insurance-related disputes and litigation.
We can provide legal guidance on construction financing, including loan agreements, security agreements, and other financing documents. Our attorneys can also assist with loan workouts, defaults, and other financing-related issues.
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