Has anyone dealt with pending litigation of the builder of your condo or townhouse? t appears that my condos?

Question

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.

If experience with this, what was the outcome?

Answer 1

I had 2 cases (as an attorney) involving the same situation except they were single family residences. One was built on an arroyo ("gully" back east, I think) that had been built on construction rubble. The other was built on sand that wasn't compacted properly. One settled out of court for about $400,000 and the other resulted in a jury verdict in my clients' favor. They were not easy cases because I needed expert engineers and expert contractors. Both of the homes would have been a total loss eventually. My clients' got the full value of their homes in damages. The damages were based on comparable homes in the neighborhood in perfect condition. I must have had to use an expert realtor, also. After a few years, we attorneys tend to forget some of the details of the trials. From what you have said, you have a good case. It hard for a contractor to come up with a defense that it's ok for a 2001 home to fall apart. This would not be a class action because all the owners can be identified, but you do not need the other owners to join the lawsuit.

Answer 2

No, I've not dealt with that situation, but you do have a right to protest. I think all the tenants of this condo should get together and file a class action suit if the builders refuse to get involved. There are safety issues here that if violated, could lead to arrest of the builders and shut-down of the construction company responsible, unless they make some sort of restitution.

Answer 3

condominium is plenty greater advantageous investment than renting (paying your self and all that). sure you will possibly be able to desire to pay all the utilities (gas, oil, water, sewage, what ever) nevertheless some places incorporate a number of those varies from one to a various. The month-to-month tax is an identical you're able to pay on a house, quite of one vast aspects tax bill on the tip of the year (think of around a million-2 thousand funds) you're able to pay slightly each month. An assessment is calling out what the placement is nicely worth. The 'month-to-month taxes' are the valuables tax, and because you very own it, you do might desire to pay it. $1200 a month is plenty for a 144K condominium, the charge must be closer to $900 for purely the loan. in case you will possibly be able to desire to do it or not, is all approximately your way of life and your different costs. in case you could arise with the funds for it, it could be greater advantageous interior the long-term. additionally now's good time to purchase as there are a great number of properties on the marketplace so which you will haggle for a greater advantageous cost. good success, i'm hoping this enables.