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Texas Home Builder Mike Kelly Confesses to Fraud at Maravilla

By
Real Estate Agent with Copeland Group Realty

Here's a quick riddle. What does Boxer Mike Tyson and Maravilla Home Builder Mike Kelly have in common? ANSWER: They both thought they were invincible, but were eventually smacked down by the legal system for beating up on the little guy.

Tyson_3MARAVILLA SCOOP: BEGINNING OF THE END!

The Texas Residential Construction Commission took action against a Maravilla home builder Mike Kelly and Primera Homes.

Mike Kelly and Primera are officially barred from working in the Texas home building industry for two decades. I was also told that Mike signed a 38-page confession, to be posted on the TRCC website soon.

TRCC PRESS RELEASE, PRIMERA HOMES FRAUD

Commission Levies Most Stringent Penalty Against Austin-Area Builder. 13 Other Builders Across State Also Penalized

At its February 13, 2008, meeting, the Texas Residential Construction Commission revoked the registration of Austin-area builder Primera Homes Ltd. According to an agreement with the commission, the company's owner, Michael Kelly, is prohibited from working in the residential construction industry in Texas for 20 years.

"The commission took action against Primera Homes for committing multiple violations, including misappropriating trust funds in numerous instances and using false advertisements."~TRCC Press Release 2/13/08.

Primera Homes was responsible for several Austin-area subdivisions, most notably the troubled Maravilla community...

WHAT'S NEXT FOR MIKE KELLY,MICHAEL BREON AND MARAVILLA HOMES?

Continue reading "Texas Home Builder Mike Kelly Confesses to Fraud at Maravilla"

Kirk Williams
Private Venture Capital - Everett, WA

Builders should not own their own mortgage company either  or what is called the affiliated relationship! That's a good place to look in the five states with the highest foreclosure rate you will also find the big builders with their "affiliated" lender!

Great post.

Feb 18, 2008 12:15 AM
Christy Powers
Keller Williams Coastal Area Partners - Pooler, GA
Pooler, Savannah Real Estate Agent
I think there are a couple more builders out there that need to be rounded up! The one stop shopping is a little creepy.
Feb 18, 2008 05:55 AM
Anonymous
Chris
wow, this is a spammy blog with all the ads and the click-through. :P
Feb 18, 2008 08:56 AM
#3
Anonymous
Axay
It is good to know that government works for the little guy once in a while... thanks for the info. Ax
Feb 19, 2008 01:35 PM
#4
Anonymous
brad

The govt did nothing for the little guy. I was one of the little guys that had my life ruined by Maravilla Homes and they did nothing for me.

I've been dealing with this BS for over 3 years with no end in sight.

Apr 15, 2010 01:31 PM
#5