The thing that struck me most in the article was the individual who admitted to misleading real estate agents about the product, but saying they "had to do it" in order to make sales.
There is no excuse for misleading people in an effort to sell a product, especially a product that is pretty good and inexpensive to begin with. Sales is about persuasion and I cannot feel sorry for a sales representative who admits to purposely misleading potential clients.
The Homes.com web sites were good and did have a lot of consumer oriented content, which is something I value on web sites.
The thing that always made me wary of the company is that even though their clients had registered unique domain names (www.uniquedomain.com), the unique domain almost always forwarded to an alias domain, which makes it harder for search engines to discover, spider and index the site.
It never seemed that this was in the best interest of the client and it made me curious.