Chinese Drywall Lawsuits and Claims
Yes, Chinese drywall lawsuits have started to trickle in, but this little stream is going to turn into a full-fledged river of claims by attorneys specializing in Chinese drywall. It may even continue to grow long beyond that, as more and more homeowners discover that their house was built with sulfuric smell-emanating drywall.
One of the first US corporations to be sued was Lennar Corp. The lawsuit claims that they bought two homes from Lennar which have subsequently turned out to be tainted by sulfuric gas coming from the cheap Chinese drywall that Lennar installed in them. This is typical of the Chinese, and typical of many of the predatory homebuilders that put people in houses during the mid-2000’s, knowing full well that they wouldn’t be able to afford their mortgage payments a couple years down the road when their interest rates went up.
But Lennar is only the first in a long line of Chinese drywall lawsuits that are to come. As the warm air hits more and more houses, and stimulates the latent materials in their walls, thousands of homeowners will discover that they’ve been duped by cheap contractors and even cheaper Chinese manufacturing companies.
Folks, if it’s too good to be true… What other secrets have we yet to discover about illicit practices that were engaged in over the past few years just to make a quick buck? But don’t worry Lennar, I’m sure the US taxpayer will pick up the tab in one way or another.
There are now lots of lawyers advertising on the Internet who can provide legal help to people who have fallen into this huge problem. The way I see it, these lawsuits are going to be golden. What kind of a case can a builder make for why he installed poisonous walls in your home? None that I can see. I don’t think courts will let them off the hook because, “We didn’t make it. We just bought it from China.” But maybe I’m wrong.
The real problem in these lawsuits could be if it is found that there was some knowledge or cover-up about the potential drywall problems. If that is found to be true, then a lot of people are going to make a lot of money through the class-actions.
If you don’t think these Chinese drywall lawsuits are a serious problem, then I would submit to you that on the day that Lennar admitted it was being sued, its stock price dropped by nearly 20 percent in one day. That means that the investors who study things like this believe it’s likely that these companies are going to have to pay out a very significant sum of money to the homeowners they offended.
If you are a person who has been affected by this epidemic, I can’t give you specific legal counsel, but I suggest you seek some out. And I wish you all the best in your fight.
Filed Under Chinese Drywall Inspection, Chinese Drywall Lawsuits, Defective Chinese Drywall |
Tagged With chinese drywall attorney, chinese drywall class action lawsuit, chinese drywall lawsuit, chinese drywall lawyer, home builders chinese drywall problems, lennar corporation chinese drywall
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