Home Montgomery County Texas secures $68M settlement to freeze land sales at Colony Ridge

Texas secures $68M settlement to freeze land sales at Colony Ridge

Texas secures $68M settlement to freeze land sales at Colony Ridge

Texas and the DOJ secured a $68 million settlement against Colony Ridge developers, halting new residential lot sales for 36 months. The agreement mandates stricter buyer identification, prohibits sales to citizens of specific foreign countries, and requires “heightened” underwriting standards, according to the Texas Attorney General’s Office. Funding will be…

Original Article: https://www.newsbreak.com/news/4486918036995-texas-secures-68m-settlement-to-freeze-land-sales-at-colony-ridge

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