2007-07-02lodinews.com

"the home-building giant promised to not sell to out-of-town investors — people who likely would not live in the homes or take close care of them."

"Reached for comment this week, a KB Home spokesman said his company can't always control who moves into one of their communities.

"The company did have buyers sign an agreement requiring them to occupy their homes for at least the first year, said spokesman Craig LeMessurier.

"'It's our policy to not sell to investors,' LeMessurier said. 'But we can't always guarantee that that's not going to happen.'

"He noted the company can't strictly enforce the one-year occupancy rule either."



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