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CONSUMER ALERT-Buying "AS IS"- Caveat Emptor- Disclosing Tainted Corrosive Chinese Drywall Issue ???
Banks, Lenders, Fannie Mae, and others who foreclosed on properties containing Tainted Corrosive Chinese Drywall, continue to questionably avoid typical legal disclosure guidelines, by marketing and selling the property "AS IS" or "Caveat Emptor"
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, and others have found a legal "LOOP HOLE" that allows dumping or marketing Tainted Corrosive Chinese Drywall properties, the same way they have SOLD foreclosed or repossessed properties with known mold, mildew, structural issues, 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, 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 three (3) 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 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 by demanding and contracting adequate time to accomplish a Tainted Corrosive Drywall Analysis by a trained and knowledgeable professional, that follows a NDE (Non-Destructive Examination or Evaluation) Inspection or Analysis Protocol.
For more information concerning NDE Analysis Protocol, visit http://www.ConstructionGuru.com
Michael S. Foreman
Foreman and Associates, Inc.
Forensic Construction Consultants
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Foreman and Associates, knowledge and expertise concerning Tainted Corrosive Drywall (TCDW) or Chinese Drywall (CDW) leads the Industry with:
First 100% Accurate NDE Diagnostic Protocol (January 2009)
First Environmental Insurance backed abatement and treatment Protocol
First to publish and share NDE Analysis Protocol (January 2010)
First to promote and endorse SNiPER® Treatment System
First to acknowledge and endorse personal property SNiPER® Treatment System
First Cost Effective abatement Protocol requiring ALL electrical wiring / fixtures, HVAC equipment / duct work, drywall, cabinets, interior doors / hardware, carpet and pad, plumbing fixtures, removal and replacement or SNiPER® Treatment of specific components.
Our firms Treatment Protocol for Tainted Corrosive Drywall or Chinese Drywall has been documented as 100% successful.
Our SNiPER® Treatment affords Clients a CDW / TCDW Specific Insurance Policy, covering any future out-gassing or environmental issues
Page Updated Last on: Oct 23, 2011