District of Columbia Attorney General Brian L. Schwalb has filed a lawsuit against home renovation company Curbio, alleging that it targets financially disadvantaged seniors and traps them in contracts that can lead to financial ruin. Curbio offers to renovate homes for sale, allowing owners to defer payment until after they sell their homes. However, the lawsuit claims that the company holds a lien on the property and overcharges consumers for subpar work that often takes longer than promised.
The lawsuit highlights the vulnerability of elderly residents who consider their homes as their primary asset and source of financial stability. Curbio is accused of luring in these residents with false promises of quick and high-quality renovations, resulting in increased sales prices. In reality, the company allegedly traps consumers with exploitative contracts that put them at risk of financial ruin.
One homeowner, Danielle Siler Tyler, shared her negative experience with Curbio, citing project delays, unfinished or improperly finished work, inflated prices, and a general lack of concern for customer satisfaction. She described her family’s dream turning into a nightmare due to Curbio’s practices.
Curbio, on the other hand, denies the allegations and maintains that the majority of its projects are completed and sold without issues. The company insists that the claims made by the Attorney General’s office are a misrepresentation of the positive experience many customers have had.
The lawsuit seeks to invalidate Curbio’s contracts, prevent the company from enforcing liens on properties where work was not performed, and collect damages for affected customers. This legal action by the District of Columbia Attorney General’s office is the first enforcement agency to take action against Curbio, which operates nationwide.
Frequently Asked Questions (FAQ)
What does Curbio do?
Curbio is a home renovation company that specializes in preparing homes for sale. They offer services such as renovation and repairs to help homeowners maximize their property’s value before listing it for sale.
Why is Curbio being sued?
Curbio is facing a lawsuit filed by the District of Columbia Attorney General, alleging that the company targets financially disadvantaged seniors and traps them in contracts that can lead to financial ruin. The lawsuit claims that Curbio overcharges consumers for unsatisfactory work and holds liens on properties, among other exploitative practices.
What are the allegations against Curbio?
The allegations against Curbio include targeting financially vulnerable seniors, overcharging consumers for subpar work, holding liens on properties, and trapping customers in unfavorable contracts. The lawsuit claims that Curbio’s practices can result in financial ruin for the affected homeowners.
What is the response from Curbio?
Curbio denies the allegations, stating that they strongly disagree with the lawsuit and that the claims made against them are without merit. The company asserts that the majority of its projects are completed and sold without any issues, and that the lawsuit presents a false narrative of their services based on isolated instances and generic market data.
What is the outcome sought by the lawsuit?
The lawsuit aims to declare Curbio’s contracts void and unenforceable, prevent the company from enforcing liens on properties where work was not performed, and collect damages for affected customers. The District of Columbia Attorney General’s office is seeking various forms of relief for those impacted by Curbio’s alleged exploitative practices.