 Knauf Chinese Drywall Settlement Funding - Starting to appear ... What to do ? What not to do ?Money is finally starting to be distributed, and consumers are actually beginning to understand the pros and cons associated with "Class Action" litigation. First the time required to collect has been 3 to 5 years; actual money to correct or settlement amounts are far from being enough to resolve issues; paperwork to collect is unbelievable; documents require you to sign away or waive all your future and present rights to receive funding. “So why did I join this Class Action” consumers ask ?
SARASOTA, Fla. - July 2, 2013 - PRLog -- Knauf Global Settlement agreement or 800 million dollar lottery for victims of tainted corrosive Chinese drywall, manufactured by Knauf, has started to trickle out to consumers and victims. Facts are facts, and as with any Class Action, the consumer or victim’s settlement dollars amount to enough money to start or initiate resolution of the issue, with the clear understanding total actual cost to correct far exceeds amount received. As with any Class Action settlement, the consumer or victim benefits the least and also receives the smallest amount or compensation, and still has to pay the difference or additional cost associated with corrective repairs, replacements, testing, and additional living expenses during the repair or abatement process. After having waited over five (5) years in some cases and three (3) to four (4) years for most, consumers are rapidly realizing the scope of work to correct the tainted corrosive drywall issue and testing is not clearly defined or consistent from one contractor to another, government agencies, ASTM, CPSC, or your local building department. Consumers need to be very, very proactive when interviewing or selecting a contractor, construction consultant, or corrective protocol to repair, abate, treat, test, and certify the work associated with tainted corrosive Chinese drywall that has been accomplished or completed, and those who actually guarantee or warranty the completed work. One contractor’s proposal or protocol, scope of work, or corrective repair plan can fix, abate, or repair your structure for $45,000.00 and another for $145,000.00. So one would have to ask - Why the major difference in price or cost ??? First ... All contractors bid work differently, have different overhead and profit, and obviously different scopes of work. All tainted corrosive drywall abatement, treatment, testing, and reconstruction contracts are not created equal or include the same repairs, protocol, testing, or scope of work. Consumers ask what needs to be replaced or repaired, only to find that no set guidelines from the government exist, CPSC guidelines are vague at best, and all guidelines are solely at the owner’s or contractor’s discretion, based on their research or knowledge and far from Judge Fallon's litigation findings, testimony, and court documents - explaining, justifying, and validating the MDL Class Action court case settlement. Consumers are finding some contractors leave some or all electrical, HVAC ductwork, HVAC units (except coils), re-install cabinets, doors, etc. and other affected components and just remove and replace the drywall, while others replace some of these components with or without treatment at different levels and/ or combinations. We understand the owner occupied structure repairs are the owners’ responsibility to determine, live with, and risk the issue has been resolved, based on his or her opinion, knowledge, and research - but what about resale of that same structure or an investor abated structure - up for resale ??? Consumers are again at risk when purchasing a previously known tainted corrosive Chinese drywall structure that has been abated or corrected, because no clearly defined guaranteed or warranted guidelines exist, or do they ??? One company that has been involved from the beginning and a consumer advocate established an insurance backed "repair protocol" and "testing protocol" that allows the consumer, homeowner, buyer, seller, realtor, and lender peace of mind and knowledge that the tainted corrosive drywall abatement, treatment, testing and reconstruction has been done properly and correctly. Following the Foreman and Associates Protocol, will result in an Insurance Policy, with no pollution exclusion that covers the structure against future out-gassing or issues associated with tainted corrosive Chinese drywall. Contractors performing abatements say they guarantee or stand behind their companies’ work, abatement, testing, and reconstruction, but with a few questions and research, the average consumer has found the term "guarantee" or "warranty" only as good as the contractors’
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Page Updated Last on: Jul 02, 2013
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