We could be looking at one of the biggest repair bills in real estate history. Inez Tenenbaum, the head of the Consumer Product Safety Commission (CPSC) predicts it will cost millions of dollars to fully repair and replace all of the toxic Chinese drywall which is plaguing so many homes in Hampton Roads.
Just one home builder in Virginia (VA) estimates they’ll spend $5 million to repair condos infected with the lethal drywall. Think about that – one home builder, $5 million. This drywall problem is in multiple states and has affected over 1,500 homes.
It’s obvious – the total cost to fix this drywall issue is going to be extremely expensive.
Tenenbaum is looking for Congress to take action, but with the federal government already carrying massive debt loads, a bill to utilize tax payer money to repair and replace poisonous drywall made in another country may not get the requisite votes to pass.
As an injury lawyer who has written extensively about the drywall problem, it’s frustrating to see so many people have their lives practically ruined by this drywall while government agencies, home builders, and insurance companies drag their feet to take action. The CPSC is spending $3 million to study the toxic Chinese drywall but haven’t released a definitive study on the issue.
The home builders and insurance companies are engaging in a protracted baton swap of liability. If a home builder gets sued, they say the insurance company should cover the damages and file a claim (i.e. pass the baton), but the insurance company denies the claim due to the dubious notion that this drywall is exempt from coverage because it’s a “pollutant” and the home builder should cover the costs.
Everyone then points the finger to China and proclaim they should be held liable. This is legitimate, but international law can preclude foreign governments from liability in domestic litigation.
So this is where we are – homeowners are suffering and not much of anything has been done to correct the problem. This needs to change and I was justice to be served. People cannot have their lives so adversely affected and be left footing the bill for something they had no control over.
Our law firm is accepting toxic Chinese drywall cases on behalf of homeowners. If you’d like to discuss your case, fill out our quick contact form on our web site or give us a call at (833) 997-1774.
About the Editors: Shapiro & Appleton& Duffan is a law firm which focuses on injury and accident law and our attorneys have handled toxic substance cases. Check out our case results to see for yourself. In addition, check out our FREE special reports on distracted driving and The Best Guide to Car Accident injuries in Virginia. Our primary office in based in Virginia Beach, Virginia (VA) although our lawyers hold licenses in NC, SC, WV, KY and DC. We are ready to talk to you by phone right now-we provide free initial confidential injury case consultations, so call us toll free at (833) 997-1774. Our injury attorneys also host an extensive injury law video library on Youtube . Furthermore, our lawyers proudly edit the Virginia Beach Injuryboard and Norfolk Injuryboard as a pro bono public information service.