TX-AG v. Colony Ridge

Colony Ridge allegedly engaged in deceptive trade practices, fraud in real estate transactions, and other violations of Texas and federal law. According to TX-AG, Colony Ridge targets foreign born and Hispanic consumers with limited or no access to credit with promises of cheap land and financing without proof of income and Colony Ridge misrepresents the conditions of the land and community. According to TX-AG, Colony Ridge then forecloses on the buyer and re-possesses the land before selling the same plots to others who are deceived with the same set of misrepresentations.

Summary generated from official Texas Attorney General press release