Investigations

Buyer’s Remorse: How LGI Homes Lures Renters Into Buying Homes They Can’t Afford

An investigation shows national homebuilder LGI Homes ($LGIH) may be targeting low-income renters with deceptive ads promising unrealistically low prices, then pressuring them to buy expensive homes through highly scripted, aggressive sales tactics. LGI homeowners were four times as likely to lose their home to a foreclosure than a typical FHA borrower — a pool already at higher risk — according to a Hunterbrook data analysis.