HUD and a Tulsa real estate firm reach agreement on kickback allegations - - Tulsa, OK - News, Weather, Video and Sports - |

HUD and a Tulsa real estate firm reach agreement on kickback allegations

There is a new development in the investigation of a Tulsa real estate company and Tulsa area home builders.

McGraw Davisson Stewart, Builders Services, and other associated businesses have agreed to pay a combined $450,000 to settle allegations by the Department Of Housing And Urban Development that they accepted kickbacks for steering customers to affiliated title companies.

HUD spent six months investigating the allegations. Investigators say real estate agents and about 40 Tulsa area homebuilders received significant financial benefits when they referred business to two companies called Closings of Tulsa and Builders Title.

The president of McGraw Davisson Stewart denies any wrong-doing and maintains it had good legal advice to set up the companies the way it did.

An attorney for Closings of Tulsa says that company didn't do anything wrong and like McGraw, settled to avoid costly court battles.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.