“Attorney General Brian L. Schwalb today announced that home renovation company Curbio, Inc. will pay $7.
Curbio markets itself as a pre-sale home renovation company that claimed to fix run-down properties faster than the competition and to provide huge value to home-sellers. The company is based in the DC area but provides services nationwide. Curbio claimed that its customers’ average return on investment was more than 200%, and that homes renovated by Curbio sold 50% faster than homes sold as-is. Curbio typically touted that homeowners could defer payment on renovations until the house was sold.
$920,000 in balance reductions to 21 DC consumers who still have outstanding balances on their accounts. Within 30 days, these consumers will see balance reductions ranging from $9,800 to $180,000.Ending its use of misleading marketing claims about risks, fees, speed of projects, vetting of contractors, or expected returns on investments.Developing a published and binding consumer dispute-resolution process to make sure renovation work is done properly.