Archive for the ‘Real Property Sales and Disclosure’ Category

After receiving a flyer regarding neighborhood defect claims, the Johnsons decided to join a lawsuit against their builder and those involved in the construction of their 6 year old home claiming it suffered from pervasive defects including roof leaks, stucco cracks, window failures, and water intrusion. Papers filed with the court covered everything but the kitchen sink which apparently continues to function defect-free. During the suit, the Johnsons’ lawyers prepared a detailed defect list and sought over $100,000 to “fix” the home. After a visual inspection without and destructive testing, the Johnsons settled for $10,000, one-tenth of claimed repair costs. Why this radically discounted settlement? Perhaps in reality, there was little wrong with the home.
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