ASHEBORO, N.C. -
Several homeowners say a local mortgage company tricked them into buying overpriced homes and forged their signatures on loans they couldn't afford.
The attorney general's office filed suit against Phoenix Housing Group, based in Greensboro, and two other mortgage companies Wednesday, Nov. 18.
Timothy Harvey, who purchased a four bedroom modular home in Asheboro, is one of 11 allegedly scammed home-owners.
Harvey responded to an ad in the paper that said he could purchase a three bedroom home with a $500 down payment and low monthly payments. When he called, an agent from the Phoenix Housing Group said the home had been sold, but that they could duplicate the home on another property.
Harvey said he was deceived after he went ahead and bought property on Staley's Farm Road.
"We found out that there were a lot of documents that were signed in order to get our loan that we had never seen." Harvey said.
The attorney general's office is trying to win back money for homeowners. Harvey said his bank account is drained after having to make repairs on the new house.
"Our biggest problem is everything with the marriage wall, where the pieces of the home come together. The ceilings were cracked, the carpet is not seamed properly. If you touched the wall it would cave in." said Harvey.
Phoenix Housing Group said in an e-mail that Phoenix and its officers have and continue to conduct business lawfully and that they have not had an opportunity to study the filings made against them.
The attorney general's office filed suit against Phoenix Housing Group, based in Greensboro, and two other mortgage companies Wednesday, Nov. 18.
Timothy Harvey, who purchased a four bedroom modular home in Asheboro, is one of 11 allegedly scammed home-owners.
Harvey responded to an ad in the paper that said he could purchase a three bedroom home with a $500 down payment and low monthly payments. When he called, an agent from the Phoenix Housing Group said the home had been sold, but that they could duplicate the home on another property.
Harvey said he was deceived after he went ahead and bought property on Staley's Farm Road.
"We found out that there were a lot of documents that were signed in order to get our loan that we had never seen." Harvey said.
The attorney general's office is trying to win back money for homeowners. Harvey said his bank account is drained after having to make repairs on the new house.
"Our biggest problem is everything with the marriage wall, where the pieces of the home come together. The ceilings were cracked, the carpet is not seamed properly. If you touched the wall it would cave in." said Harvey.
Phoenix Housing Group said in an e-mail that Phoenix and its officers have and continue to conduct business lawfully and that they have not had an opportunity to study the filings made against them.
