On April 26, 2005, Steven Betsinger filed suit suit A503121 above against D R
Horton for bait and switch interest rates. DHI promised him a low 4.625% interest rate loan to induce him into depositing
$4900 into escrow.Those deposits were subject to 'forfeiture' if for any reason Betsinger failed to get approved for the loan
or failed to consumate the deal. When he went to close, the rate had jumped to 6.5%. DHI 'forfeited' his deposit
because he didn't capitulate to the onerous rate change. See the case filing: