Over the past several months the news of homes infected with Chinese drywall has swept across the nation. The Consumer Products Safety Commission has received complaints of Chinese drywall in at least 21 states and dozens of lawsuits have been filed against home builders and manufacturers of the allegedly defective product. For the first time we are now starting to see foreclosed homes containing drywall come onto the Florida home market.
Homes containing Chinese drywall may be available for substantially discounted price that may be enticing to some home buyers; however, it is important for potential buys to take in to account the costs of renovating a home that contains Chinese drywall.
A Wink news report features a four bedroom, two bath, never-lived-in home selling for just $19,800. While this may sound like a steal, but with the extensive repairs that will need to be made to the home due to the presence of Chinese drywall it may actually not be a bad investment for some buyers.
Popular Florida home builder Lennar recently confirmed that they were aware of about 400 of their homes that contain Chinese drywall.
Homeowners that suspect their home may contain Chinese drywall should contact a qualified attorney for a free consultation and explanation of their legal options.
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