From The Charlotte Observer:

Lawyers will appeal the dismissal of a Concord couple’s lawsuit against Beazer Homes USA that alleges the homebuilder’s lending practices led to foreclosures, which hurt property values.

A federal judge dismissed the case last week, saying it didn’t directly connect Beazer’s actions with property value losses for Lea and Mark Tingley. Foreclosures in their Southern Chase neighborhood could have resulted from factors such as job losses and a weaker economy, the judge wrote.

That this suit was dismissed in the first place was good news for the Atlanta-based homebuilder which is the subject to a number of other lawsuits and ongoing federal investigations into its accounting and mortgage lending practices.