Chinese Drywall » Mortgages

Chinese Drywall News Alerts

Larry — Tue, 25 Aug 2009 13:49:20 +0000

Help Chinese Drywall Launches new Forum.
HelpchineseDrywall.com added a new forum to the website to allow homeowners affected by Chinese Drywall to communicate to one another, to share experiences such as dealing with banks, mortgages, taxes, remediation and much more. Be sure to check out the new section

Chinese Drywall Class Action Lawsuit Filed in Nevada
AboutLawsuits.com
Homeowners in Nevada have filed a Chinese drywall class action lawsuit against local builders, saying that defective drywall in their homes have caused a …

California’s housing depression could spread
The San Francisco Examiner
And now the “new asbestos” —Chinese drywall — is fueling a gold rush among plaintiffs’ lawyers in search of a new and lucrative practice area. …

Chinese drywall hits health, wallets, homeowners say

Larry — Tue, 19 May 2009 22:31:55 +0000

PARKLAND, Florida (CNN) — Sherri and Ira Rojhani stopped paying the mortgage on their 2-year-old South Florida home in April, victims not of a troubled economy, but, they say, of drywall from China that they believe is making them sick.

They join a growing list of homeowners in 13 states who face foreclosure or the prospect of paying both their mortgage and rent on alternate housing as they seek relief from what they describe as corrosive gasses emitted from the Chinese drywall. The drywall is now the subject of several scientific studies.

“Families are being forced to make health decisions based on financial consideration, and that is fundamentally flawed,” said Sherri Rojhani, a homeowner in Parkland, Florida. “We shouldn’t be in a position to stay in a home, based on our health,” she said.

Homeowners allege the gas is causing home appliances and copper wiring to fail and causes chronic, long-term upper respiratory infections.

Federal authorities including the Centers for Disease Control and Prevention, the Environmental Protection Agency and the U.S. Consumer Product Safety Commission are studying the possible health effects of the drywall. Most of their results are still some time off.

On Tuesday the EPA announced that it found sulfur, a corrosive material, in the Chinese drywall samples it tested and that sulfur was not found in the U.S. manufactured drywall samples it also tested. The EPA also found strontium in the Chinese drywall at levels about 10 times higher than in the U.S. drywall. Strontium is a metal often used in manufacturing the glass for television screens.

The EPA also detected two elements typically found in acrylic paints in the Chinese drywall but not in the U.S. drywall.

The EPA said these results are not intended to establish a definitive link between the drywall and the conditions being found by homeowners in their homes.

http://www.cnn.com/2009/US/05/19/florida.drywall.remedies/

Help could be on the way for victims of toxic Chinese drywall

akwilcox — Sat, 09 May 2009 23:06:20 +0000

WASHINGTON – While victims of toxic Chinese drywall flee their homes, South Florida members of Congress are looking for ways to help them avoid foreclosure and find affordable insurance.

The rescue starts with a proposed government study.

Congressmen Robert Wexler and Mario Diaz-Balart persuaded the House to approve a measure this week that directs the secretaries of housing and treasury to study the effect of tainted drywall on home mortgages and property insurance.

“Parents who have found Chinese drywall in their homes and wish to leave out of concern for the safety and health of their children are facing the dilemma of how to find secondary housing and maintain their mortgages on their primary residences,” said Wexler, D-Boca Raton. “In addition, the values of these homes in most cases have plummeted due to this tainted drywall.”

http://www.sun-sentinel.com/business/sfl-chinese-drywall-congress-050sbmay09,0,5359367.story