The company for whom I work has a clearly defined philosophy. Disclose EVERYTHING! The programs offered by my company are admittedly outside the box, but they're also innovative and exciting and very user-friendly. But that means we raise some eyebrows and get questioned repeatedly. In the end, no matter who has done the questioning, we continue to operate within the plethora of applicable laws and regulations.
I guess that's what sets us apart from some of the creative and hushed deals that some builders have been accused of. Take a look at this article from USA Today. It details how some builders have used questionable lending practices to generate revenue and move inventory. http://www.usatoday.com/money/economy/housing/2007-04-02-home-builders-usat_N.htm.
Creative and aggressive thinking is what defines pioneers from the run-of-the-mill folk. But there's no excuse for cutting corners or committing fraud. I continue to tell our employees if we can't make our programs work within the confines of the law, we won't do it! We have some very gifted people at our organization, and with enough creativity and ingenuity, we can make things work as they should. We don't need the backroom deals or undisclosed terms.
The moral to the story is this: if you're a builder, call me. We can help move your inventory while keeping you on solid legal ground.
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