where I live/own have been built on faulty foundation. One building has cracking walls to the point of water seeping into units. There are other structural problems with other buildings but that is the worst. They are going after the builder, within an allowed time limitation although any docs drawn up protect the builder. They were built in 2001 & are within a 6 yr. limitation. They have repeatedly asked the builder to fix the issues but they are refusing so it has gone into litigation.
2007-06-18 10:11:57 · 2 answers · asked by COblonde 3 in Business & Finance ➔ Renting & Real Estate
What was the outcome of similar situations?
2007-06-18 10:39:09 · update #1
its a lengthy process and the only real effect until it's resolved is some lender's may not issues loans on the property. Ultimately you will likely prevail, and the builders insurance will pay for repairs. At this point the builder isnt going to do anything for free, once you win the court case any builder will come in and make corrections.
2007-06-18 10:41:53 · answer #1 · answered by Dan the man 3 · 1⤊ 0⤋
Not sure just what your question is - but good luck, sounds like a real mess.
2007-06-18 17:34:28 · answer #2 · answered by Judy 7 · 0⤊ 1⤋