October 7, 2009
Chinese Drywall Litigation Update
The Sarasota Herald-Tribune reported yesterday that Florida's Senate Community Affairs Committee held a hearing to discuss both legislative and state agency action to prevent builders from using tainted Chinese drywall. The article reports that Florida is considering the following legislative action:
- Providing relief on mortgage payment for homeowners trying to rehabilitate their homes;
- Developing a standard for remediating homes and certifying them as being free from the drywall problems
- Allowing homeowners to receive a tax break to offset their rehabilitation costs; and
- Providing help to homeowners trying to deal with insurance companies over the cost of the home rehabilitation.
UPDATE: New York Times story can be found here.
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This will drag on for years. We need some good private labs like these people:
to figure out what the issue is and the problems that will be out there.
Posted by: drywall | Oct 8, 2009 1:13:41 PM
Here is the latest on the Chinese drywall issue: http://www.newsinferno.com/archives/13266
Posted by: Joshua | Oct 8, 2009 11:50:00 PM
Homeowners affected by Chinese drywall should be wary of those looking to remedy the situation for them: http://www.newsinferno.com/archives/13311#more-13311
Posted by: Joshua | Oct 13, 2009 10:35:20 PM