Dominion working to fix problems

Since 1952, Dominion Homes has built homes for more than 26,000 central Ohio families. Full Story
First Prev
of 6
Next Last
K Cook

Columbus, OH

#1 Apr 10, 2006
As far as I am concerned, qualifying people for mortgages based on the
buy-down rate rather than the fixed rate is the same thing as lending
money to people who can't pay, which is the definition of predatory
lending. This is why so many homes in Dominion Homes subdivisions are being
foreclosed upon, not because of economic issues. If economic issues were
the real problem, this foreclosure trend would not be so concentrated in
just Dominion communities. I bought a Dominion Home 4 years ago, and the
average sale price in my subdivision is now $31,000 less than what I paid
for my home. It's nice that Dominion is "working to fix the problems" now
that their unethical business practices have been exposed, but it sounds
like the only people who might benefit from these changes will be new
homebuyers. What about the current homeowners who have already lost
millions in property value? Are you working to fix our problem too?
J Couts

Cincinnati, OH

#2 Apr 16, 2006
40 Year Low Mortgage rates (fixed) were not enough for some people. SOME decided to build as much as they could qualify for for, at an even lower variable rate. Myself, I shred hundreds of thousands of dollars of credit offers a month.

I would define this more so as porpoise lending. Circling the willing prey into a circle. How many of the currently wounded (look out for the real sharks) also paid PMI.

Jeremy
MeT

Lancaster, OH

#3 May 23, 2006
J Couts wrote:
40 Year Low Mortgage rates (fixed) were not enough for some people. SOME decided to build as much as they could qualify for for, at an even lower variable rate. Myself, I shred hundreds of thousands of dollars of credit offers a month.
I would define this more so as porpoise lending. Circling the willing prey into a circle. How many of the currently wounded (look out for the real sharks) also paid PMI.
Jeremy
What is wrong with paying PMI? I heard we had too for a term of 5 years.
dominions problems

Hilliard, OH

#4 Jul 30, 2006
A quick drive through a Hilliard Ohio Dominion Homes community ( Estates at Hoffman Farms ) will bring attention to another practice of Dominion Homes. Not living up to Dominions marketing promises.
During 2004 my wife and I visited several builders in Hilliard Ohio, including Dominion Homes. During our visit we noticed the homes that were being built were ALL stucco and stone homes. The homes all had the same quality brown roof shingles. When we inquired of the sales person we were told "the Estates At Hoffman Farms is an all stucco and stone community". We asked if that "would be changing as Dominion moved from one phase to another as we were interested in cedar siding?" We were told "No Chance!". Sales sign in front of community had the caption "Estates at Hoffman Farms, a stucco and stone community".
After returning to our home in Wellington, Florida we searched for additional information on the Estates At Hoffman Farms. On the Dominion Homes web site we found supporting information for what we had been told by the sales person (information has now been changed). We requested additional information by mail. Information that was received indicated "a stucco and stone community".
In early 2005 we decided to build a home with Dominion Homes in the Estates At Hoffman Farms. Stucco and stone were the only materials we were permitted to build with. We built.
Fall of 2005 Dominion Homes changed sign at front of developement and no longer says " a stucco and stone community".
March 2006 1st house is built by customer with siding. What happened to all stucco and stone? Sale fell through and is now an inventory home.
First home that is visible from Cosgray is a sided home. Dominion calls it grey, but is about as blue as the sky on a nice cloud free day.
Neighbors up in arms over this event. Many, many neighbors stop to talk during their evening walks, and discuss with us the "ugly home at the front of developement". During a neighborhood ladies gathering (approx. 50 ladies) each and every one stated that they were ALL told "stucco and stone only". Also state that they have talked to sales office and most state they have talked to Dominion Homes corporate office. Talk of "Class action lawsuit".
We talked to sales person in model home, and they stated ( name withheld ) "EVERY PERSON WHO WALKED IN DOOR COMPLAINED ABOUT THE CHANGE". They further stated "WE TOLD THE CORPORATE OFFICE THIS WOULD HAPPEN AS YOU CANNOT BUILD AND SELL HALF A DEVELOPEMENT THEN CHANGE FROM WHAT YOU PROMISED".
July of 2006 brings black roofs. What happened to all the roofs being the same? Talk about standing out like a sore thumb. 2 black roofs out of over 100. Home owners start listing their homes for sale.
Most people we have talked to feel Dominion Homes have committed fraud with these changes after selling $30+ million dollars of homes in this community with the promise that the homes would all be "stucco and stone with brown roofs". I feel the same way.
Each person we have talked to state they have talked to the same person (name withheld)(sales) at corporate office. We all laugh because he states with utmost sincerity "you are the only person that seems to be upset with the changes". Obviously hes a victim of Alzheimers.
I sure wish I would have known about these changes before I invested $750,000 on my home ($350,000 home price +$400,000 in interior and landscape changes).
Ps, What good is a homeowners association if they are not helping property owners protect the neighborhood???????
Circleville Realtor

Frazeysburg, OH

#6 Jul 31, 2006
Sadly enough , its not just dominion. There are a ton of builders out there who do the temporary buydowns for new builds ,and market to those who can't (or shouldn't) Own a home at that particular time. I'm all for people to own homes (Heck , its my job to sell them) But when large companies get involved to try and sell to those who can't , problems happen. Of course its easy to put a 'dominion' face on it and say that they're the devil , but the problem is much more widespread than that.
VICTORIA

United States

#7 Aug 16, 2006
I the deception is unbelievable. In the past 2 years my mortgage has ballooned beyond the original amount dicussed and signed on at my closing. My condo is located in the Village at Southern Point in Columbus, Ohio. What can we do and how do we begin a class action suit.
Another Dominion Problem

Whitehouse, OH

#9 Aug 24, 2006
I also live in a Dominion Community-McCutcheon Crossing. This community is located near the renowned Easton Mall. I purchased my home believing that I made a good choice and the area that it was in was perfect. It is close to everything; shops, dinning, and entertainment galore! But now, since Dominion's name has been put through the ringer, it appears that that they are having a hard time selling homes. Joshua Homes also has houses in this development and they appear to be having problems as well. We know what this means. They sell to anyone. Granted, they cannot pick and chose who they can sell to but have to base their decisions on credit. But how do I end up with the biggest jerks for neighbors? I have one set of neighbors that are so loud, that they are driving everyone crazy around them. I have two neighbors that are moving because of them. I do not want people like this driving down the value of my home. So much for a subdivision management company!

Dominion and Joshua should be ashamed of themselves. I do believe that they practice predatory lending and they do not divulge "all" the information when selling homes. They tell people that they can afford a house payment with their current income, but they do not factor in the fact that their customers have to eat, clothe their backs, and buy cars, etc. They also fail to notify people that their taxes are not fully accessed when they move in and more than likely, they will experience a hike in their mortgage when they are fully accessed. Yes, consumers should investigate this information before signing but, these companies have a moral obligation to inform their customers what they are getting into. Maybe then, the foreclosures with slow down.
KY Dominion Owner

Louisville, KY

#10 Aug 25, 2006
Dominion is up to the same tricks here in Louisville, Kentucky, too. It's a shame, because they actually build pretty good houses, compared to some other builders here. We hired a home inspector to follow our build, and he said that Dominion's build quality was way above some of the other "big" builders. We also had a furnace tech who said that Dominion puts better HVAC and other components in their homes than other builders do. We are really happy with the home itself.

After living in the community for a few years now, though, we feel like we were ripped off and deceived by Dominion. A lot of houses have been foreclosed on, mainly because of the lending practices described by others in this thread. Property values are either stagnant or falling. Two of our neighbors are the 2nd owners of their homes, and they got them for $20K -$30K less than the people who originally built them.

The homeowner's association is a joke, too. When we moved in, the annual dues were about $100 a year. Dominion told us that the dues typically don't go up much. Since Dominion left, however, the dues and "special assessments" have risen dramatically. Last Christmas we got a bill for $300, due December 31st!!! And it's not like we have a community park or pool, or any amenities. This is just to mow the grass at the entrances. We later found out that Dominion subsidizes the fees while they are building the communities, and when they leave, all the homeowners get a nice little surprise rate increase.

It's really a shame that they feel the need to do business this way. Like I said before, we LOVE our house, but everything else about the Dominion experience has left us feeling like we got suckered. We're just hoping that our property value will increase enough so that we can actually sell and move someday, and build our non-Dominion dreamhome!
Dan

Strongsville, OH

#11 Aug 28, 2006
Anyone have information on the Class Action Suit or who I can contact?

I have my home currently listed about $15k below what I paid and no one wants to buy it and its been on the market 8 months. I believe Dominion pulled the wool over my eyes as well with their "creative financing" I'd love some contact info email me at Jonesdg214@yahoo.com
The Smiths

United States

#12 Sep 9, 2006
Location, Location, Location-----I don't understand why people spend 750,000.00 on homes that sit on a 1/5 of an acre?? Spend 500,000.00 on land and 250,000. on the house problem solved...away from neighbors and investment protected. Keeping up with the Jones fails everytime!!
Angela Prues

Athens, OH

#13 Sep 12, 2006
I am a journalism student at Ohio University currently working for Southeast Ohio magazine. I am interested in potentially writing a story about the effects of Dominion Homes' practices on their customers and I was wondering if anyone posting here would be interested in being interviewed for the story. If so, please e-mail me your contact information at ap251003@ohio.edu

Thank-you so much,
Angela
Tammy Black

Northbrook, IL

#14 Oct 20, 2006
Dominion doesn't follow thru with warranty work nor do they disclose the truth. We were told that our taxes and insurance were included in our mortgage. We got a property tax letter stating our taxes were not paid. We asked these questions at the closing. Needless to say we were lied to.We found out the following year when we got a notice from country wide mortgage that we had no homeowners insurance and they wanted to charge us over a 1,000.00 a year. (I was able to get on my own for 550.00 a year) Now our mortgage pymt has gone up over 2 hundred dollars more a month and now staring in February it will go up again as we were not told that out interest rate isn't fixed. What I would like is info on any pending suits against Dominion and Countrywide.
Just Curious

San Jose, CA

#15 Oct 20, 2006
Tammy Black wrote:
Dominion doesn't follow thru with warranty work nor do they disclose the truth. We were told that our taxes and insurance were included in our mortgage. We got a property tax letter stating our taxes were not paid. We asked these questions at the closing. Needless to say we were lied to.We found out the following year when we got a notice from country wide mortgage that we had no homeowners insurance and they wanted to charge us over a 1,000.00 a year.(I was able to get on my own for 550.00 a year) Now our mortgage pymt has gone up over 2 hundred dollars more a month and now staring in February it will go up again as we were not told that out interest rate isn't fixed. What I would like is info on any pending suits against Dominion and Countrywide.
You can't sue Country Wide because of your lack of attention to detail. It's all in the paper work. You should've done your homework. If you didn't understand what you were reading your real estate agent should have been able to help you if they weren't capable of helping you you should've had a lawyer help you. Whenever doing a mortgage loan you get a good faith estimate that spells it all out. Your final closing paperwork should be pretty close to that estimate. As for your insurance you should've looked at your statement. It clearly spells out what is in escrow and when taxes are paid which are either by the quarter or by the half of the year. It would also show if you were paying for insurance. Know what you're signing and signing up for and don't blame other's for your mistakes.
DKG

AOL

#16 Jan 4, 2007
KY Dominion Owner wrote:
Dominion is up to the same tricks here in Louisville, Kentucky, too. It's a shame, because they actually build pretty good houses, compared to some other builders here. We hired a home inspector to follow our build, and he said that Dominion's build quality was way above some of the other "big" builders. We also had a furnace tech who said that Dominion puts better HVAC and other components in their homes than other builders do. We are really happy with the home itself.
After living in the community for a few years now, though, we feel like we were ripped off and deceived by Dominion. A lot of houses have been foreclosed on, mainly because of the lending practices described by others in this thread. Property values are either stagnant or falling. Two of our neighbors are the 2nd owners of their homes, and they got them for $20K -$30K less than the people who originally built them.
The homeowner's association is a joke, too. When we moved in, the annual dues were about $100 a year. Dominion told us that the dues typically don't go up much. Since Dominion left, however, the dues and "special assessments" have risen dramatically. Last Christmas we got a bill for $300, due December 31st!!! And it's not like we have a community park or pool, or any amenities. This is just to mow the grass at the entrances. We later found out that Dominion subsidizes the fees while they are building the communities, and when they leave, all the homeowners get a nice little surprise rate increase.
It's really a shame that they feel the need to do business this way. Like I said before, we LOVE our house, but everything else about the Dominion experience has left us feeling like we got suckered. We're just hoping that our property value will increase enough so that we can actually sell and move someday, and build our non-Dominion dreamhome!
We are in the same boat as you. We live in Louisville in a Dominion Homes subdivision. We have lived here 5 years. Recently, I was disabled and we need to move to get away from the steps and into a one level house. We have tried to sell our house for $5000 less than we paid and still did not have one offer!!! We put $20,000 down on our house and I am not convinced we could sell it now and even break even. We have not had trouble with the house itself, but the neighborhood has changed - lots of rentals, foreclosures, cash for homes owners, etc. I am trying to research the lawsuits going on in Ohio against Dominion Homes and see if an attorney in Louisville will help us form a case for overpricing/predatory lending
Bob Collins

United States

#17 Jan 14, 2007
I live in Hunters Creek Subdivision in Louisville, KY. I purchased in April 2002. The subdivision is in bad shape due to foreclosure and "We Buy Houses" contracts. This is were the original owner stays on the deed and then they rent them out to anyone. We have seen falling property values, people not taking care of properties. I purchased a riding mower last August just to mow the vacant homes. HELP!!!
Amy

United States

#18 Jan 16, 2007
I have a Dominion Home and our homeowner association (CMA) started at $160 in a couple of years are now asking for $225? Any suggestions were to find information on rules and regulations that goveren Homeowner Assoication fees and companies. Do they have to provide us with statement and/or information on were the money is going?
KY Dominion Owner wrote:
Dominion is up to the same tricks here in Louisville, Kentucky, too. It's a shame, because they actually build pretty good houses, compared to some other builders here. We hired a home inspector to follow our build, and he said that Dominion's build quality was way above some of the other "big" builders. We also had a furnace tech who said that Dominion puts better HVAC and other components in their homes than other builders do. We are really happy with the home itself.
After living in the community for a few years now, though, we feel like we were ripped off and deceived by Dominion. A lot of houses have been foreclosed on, mainly because of the lending practices described by others in this thread. Property values are either stagnant or falling. Two of our neighbors are the 2nd owners of their homes, and they got them for $20K -$30K less than the people who originally built them.
The homeowner's association is a joke, too. When we moved in, the annual dues were about $100 a year. Dominion told us that the dues typically don't go up much. Since Dominion left, however, the dues and "special assessments" have risen dramatically. Last Christmas we got a bill for $300, due December 31st!!! And it's not like we have a community park or pool, or any amenities. This is just to mow the grass at the entrances. We later found out that Dominion subsidizes the fees while they are building the communities, and when they leave, all the homeowners get a nice little surprise rate increase.
It's really a shame that they feel the need to do business this way. Like I said before, we LOVE our house, but everything else about the Dominion experience has left us feeling like we got suckered. We're just hoping that our property value will increase enough so that we can actually sell and move someday, and build our non-Dominion dreamhome!
Tammy Black

Northbrook, IL

#19 Jan 16, 2007
Our dues went up to 225.00 from 180.00. Some of the home owners here in La grange are wanting the receipts for this so call land scaping. As for not knowing what i'm signing, this was the first home I ever bought and there was a million papers to sign literally. It was also schedualed at 7:00pm. This is for Just Curious, yes you can sue Country Wide as there is class action suites out there for there inability to disclose information. There are alot of houses in my subdivision that are being forclosed on and there are some that have been up for sale since I moved in. I have noticed that for the past year, they haven't built any new houses. I am letting Country Wide have their house back and they can stick it where the sun doesn't shine.
juanita keener DH owner

Atlanta, GA

#20 Jan 21, 2007
KY Dominion Owner wrote:
Dominion is up to the same tricks here in Louisville, Kentucky, too. It's a shame, because they actually build pretty good houses, compared to some other builders here. We hired a home inspector to follow our build, and he said that Dominion's build quality was way above some of the other "big" builders. We also had a furnace tech who said that Dominion puts better HVAC and other components in their homes than other builders do. We are really happy with the home itself.
After living in the community for a few years now, though, we feel like we were ripped off and deceived by Dominion. A lot of houses have been foreclosed on, mainly because of the lending practices described by others in this thread. Property values are either stagnant or falling. Two of our neighbors are the 2nd owners of their homes, and they got them for $20K -$30K less than the people who originally built them.
The homeowner's association is a joke, too. When we moved in, the annual dues were about $100 a year. Dominion told us that the dues typically don't go up much. Since Dominion left, however, the dues and "special assessments" have risen dramatically. Last Christmas we got a bill for $300, due December 31st!!! And it's not like we have a community park or pool, or any amenities. This is just to mow the grass at the entrances. We later found out that Dominion subsidizes the fees while they are building the communities, and when they leave, all the homeowners get a nice little surprise rate increase.
It's really a shame that they feel the need to do business this way. Like I said before, we LOVE our house, but everything else about the Dominion experience has left us feeling like we got suckered. We're just hoping that our property value will increase enough so that we can actually sell and move someday, and build our non-Dominion dreamhome!
Please get in contact with Hunters Creek Hoa and let us know about problems because we are all in the same boat.
Alicia Cox

Newark, OH

#21 Jan 23, 2007
Please let me know if you find out anything on a class action suit in Louisville ,Hunters Creek my husband and I are right now in the process of selling our home and we are having to sell it for 30,000 less then we purchased it for we are not breaking even by a long shot and we did not get any offers until we dropped to this price. Most of the homes in that neighborhood are being sold for aprox 100,000 or less we were one of the first ones in the neighborhood. The home quality is very good but the fact that the values of the homes went down so drastically is just not right.
DKG wrote:
<quoted text>We are in the same boat as you. We live in Louisville in a Dominion Homes subdivision. We have lived here 5 years. Recently, I was disabled and we need to move to get away from the steps and into a one level house. We have tried to sell our house for $5000 less than we paid and still did not have one offer!!! We put $20,000 down on our house and I am not convinced we could sell it now and even break even. We have not had trouble with the house itself, but the neighborhood has changed - lots of rentals, foreclosures, cash for homes owners, etc. I am trying to research the lawsuits going on in Ohio against Dominion Homes and see if an attorney in Louisville will help us form a case for overpricing/predatory lending
Good Person

San Jose, CA

#22 Jan 23, 2007
Tammy Black wrote:
Our dues went up to 225.00 from 180.00. Some of the home owners here in La grange are wanting the receipts for this so call land scaping. As for not knowing what i'm signing, this was the first home I ever bought and there was a million papers to sign literally. It was also schedualed at 7:00pm. This is for Just Curious, yes you can sue Country Wide as there is class action suites out there for there inability to disclose information. There are alot of houses in my subdivision that are being forclosed on and there are some that have been up for sale since I moved in. I have noticed that for the past year, they haven't built any new houses. I am letting Country Wide have their house back and they can stick it where the sun doesn't shine.
"As for not knowing what i'm signing, this was the first home I ever bought and there was a million papers to sign literally. It was also schedualed at 7:00pm."

I'm aware of the number of documents that you have to sign. It should not be an excuse to not read it all and ask questions of an outside, unbiased person to be sure you understand. How is that Country Wide's fault? I bought my first home when I was 20. I too signed without reading everything COMPLETELY. No need for details but I lost my butt on this. And I have no one to be angry with except myself. From that day forward I LEARNED YOU NEED TO READ AND UNDERSTAND IT ALL OR DON'T SIGN IT!

As for your HOA, every owner has the right to see the entire statement of fees collected and how much was spent on what. Your HOA has a board of directors, usually comprised of the people within the community/complex. They have monthly public meetings you are entitled to attend and voice concerns/questions/make proposals.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 6
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Construction Discussions

Title Updated Last By Comments
NM construction industry impacted by immigratio... Dec 24 STFU 2
Sealaska lands legislation could move with defe... Dec 18 Jaimie 2
curtain walling Dec 16 henry45 1
Commercial Construction Dec 5 Ted Smith 1
N.C. company eyes Clover property for quarry site (May '14) Dec 5 Jason 4
Construction jobs Senior Project Manager Team (Feb '11) Dec 3 Ted Smith 2
Here's how homebuilders are standardizing solar... Dec 3 Gary Puntman 1
More from around the web