Caveat Emptor is a Latin term, first known to be used in 1523, that means "let the buyer beware" and marketing, promoting, and selling "AS IS" property is just another term or way to say Caveat Emptor.
Banks, Lenders, Fannie Mae, Investors, and others have found a legal "LOOP HOLE" that allows dumping or marketing Tainted Corrosive Chinese Drywall (TCDW) properties, the same way they have SOLD foreclosed or repossessed properties with known mold, mildew, structural issues, termite infestations, water intrusion, roof leaks, broken windows, missing appliances, damaged interiors, non-functional components, and numerous other defects, by simply listing the property "AS IS"
Realtors, Brokers, Investors and others involved with the "Real Estate Transaction"
As these court cases move through the legal system, judgements and awards confirm Real Estate Professional ethics and professional charters, require "full disclosure" of potentially or confirmed known issues that may affect value, marketability, health risk, or re-sale.
Obviously ... Real Estate Professionals in at least 42 states, that DO NOT know or claim NO KNOWLEDGE about Tainted Corrosive Chinese Drywall either have lived under a rock or never read the news, use the Internet, or have not been active over the last five (5) plus years.
Every profession can have "bad apples" and most, if not all the Real Estate Professionals I have contact with, maintain very high ethical standards, but due to the economy, a few "bad apples" are giving some Real Estate Firms or Brokers major problems with their Insurers or Insurance carriers.
Real Estate buyers, Investors, and Consumers need to assume the worst and hope for the best when buying, purchasing, or contracting properties marketed or sold "AS IS" with a very short, or unreasonable "right to inspect" time-frames.
Do not be another victim of Tainted Corrosive Chinese Drywall or numerous other hidden deficiencies and defects, by demanding and contracting adequate time to accomplish a Tainted Corrosive Drywall Analysis (TCDA) or Comprehensive Home Analysis (CHA) by a trained and knowledgeable professional, that follows our NDE (Non-Destructive Examination or Evaluation) Inspection or Analysis Protocol.
For more information concerning Foreman and Associates - Tainted Corrosive Chinese Drywall - NDE (Non Destructive Examination or Evaluation) Analysis Protocol or our Comprehensive Home Analysis (CHA) visit :
Educating and Empowering Consumers
Michael S. Foreman
President, Foreman and Associates, Inc.