Texas AG Ken Paxton sues Colony Ridge, alleging deceptive trade practices and fraud

Despite the lawsuit predominantly revolving around the alleged foreclosure mill, Paxton had in the past raised concerns about the development attracting “foreign born consumers.” Texas Attorney General Ken Paxton is suing the owners of Colony Ridge, a controversial Liberty County housing development, for deceptive trade practices and fraud in real estate transactions. In the lawsuit filed Thursday, Paxton alleged the development churns land buyers through a foreclosure mill, targeting Hispanic consumers with limited or no access to credit with promises of cheap, ready to build land and financing without proof...