Friday, October 15, 2010

300 DOWN---2,700 TO GO!

Chinese drywall has been an ongoing problem for over 3,000 homeowners the past several years and Thursday the maker of one of the brands, Knauf Plasterboard Tianjin Co. has agreed to an order by a Federal judge. It calls for the company to identify the first 300 homes that used their drywall and contribute to making full repairs along with Interior Exterior Building Supply, some insurance companies and some others.

The first homes to have their drywall replaced are in Florida, Louisiana, Alabama and Mississippi, four states at the heart of the problem.

This is the first step in settling over 3,000 claims. The bigger problem will focus on the health issues associated with the tainted drywall. As long as there are lawyers, you can count on a ton of those lawsuits going to court.

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