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NAME THAT TRACT: The right moniker can...

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NAME THAT TRACT: The right moniker can be critical to developers (K1), but sometimes it can spell trouble. Laguna Audubon had a definite cachet when Kathryn Thompson Development Co. named the subdivision a few years back. The problem was, it was in the planned community of Aliso Viejo, and livid home buyers sued for $5 million, alleging false advertising. . . . They later settled, and the name remains.

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