Without any meaningful leadership from the Obama Administration homeowners stuck with toxic Chinese drywall have been left to fend for themselves, and the Obama Administration has not publicly called on the Chinese to pay up
(PRWEB) November 13, 2012
The Chinese Drywall Complaint Center has been referring to imported toxic Chinese drywall as the Toxic Chinese Drywall Disaster for over two years. Based on their inspections of subdivisions, condominium projects, and or town home developments they estimate there are about 200,000 homes that contain toxic Chinese drywall in Florida, Alabama, Mississippi, Louisiana, and Southeast Texas. There are also well over a thousand homes in Virginia that contain toxic Chinese drywall. The Chinese Drywall Complaint Center says, "Our number one worry is if toxic Chinese drywall is corrosive enough to eat through a copper air conditioning coil in about a year-what is it doing to the health of the people who live in these homes? Why has President Obama failed to mention toxic Chinese drywall one time in public since taking office? Why has President Obama failed to publicly demand the Chinese government pay up for the damages caused by their toxic building product? After four years we do not even have a meaningful remediation protocol from the EPA on how to fix one of these homes?" http://ChineseDrywallComplaintCenter.Com
The Chinese Drywall Complaint Center says the following items need to happen with respect to the toxic Chinese Drywall Disaster immediately:
- "We have said it before, and we will say it again, the Toxic Chinese Drywall Disaster has always required meaningful federal leadership. To date there has been none. President Obama needs to immediately task the US EPA with coming up with an ironclad remediation protocol to repair a toxic Chinese drywall home. If these homes cannot be 100% repaired - with safety being the number one concern for current, or future homeowners - these homes should be bulldozed."
- "Banks, and Fannie Mae need to stop selling toxic Chinese drywall homes-AS IS. There needs to be an immediate moratorium on the resale of any toxic Chinese drywall home foreclosure until the US EPA establishes if these homes can even be repaired."
- "Banks, and or Fannie Mae/Freddie Mac continue to sell Florida, or Gulf States toxic Chinese drywall homes AS IS-with no meaningful disclosure about toxic Chinese drywall. Banks are actually offering financing on home foreclosures in Florida as example-that are known to contain toxic Chinese drywall- and as soon as the new buyer of the home foreclosure discovers it has toxic Chinese drywall the home frequently becomes a new foreclosure all over again. If you are a bank selling a new mortgage on a Florida home foreclosure that contains toxic Chinese drywall-how do you sell the mortgage to an institutional investor on Wall Street without full disclosure about the toxic Chinese drywall? We think this is securities fraud."
- "At the present time the government of China will not take responsibility for their Taishan toxic Chinese drywall product in federal courts. This specific type of toxic Chinese drywall is in over 100,000 US homes in Florida, Virginia, and the extreme US Southeast. Many to most of these homes are now foreclosures. We believe the government of China should be forced to set up a trust account with a court appointed administrator to handle claims from homeowners who have lost it all in one of these toxic homes. This claims process should also include Fannie Mae, and banks."
- "The most significant legal settlement to date involves a privately held company than made a toxic Chinese drywall product called Knauf Tianjin. The problem with this settlement for homeowners stuck in a home with Knauf Tianjin toxic Chinese Drywall is-in our opinion it only includes about one in twenty victims. We believe the Justice Department should get involved, in concert with the US EPA, and we are urging the federal judge that oversaw this settlement to re-open the time to get all Knauf Tianjin homeowners identified by the court. In its present form to at least us the Knauf Tianjin settlement looks like a back room deal, that not only left thousands of homeowners stuck on the curb, but it also left taxpayers holding the bag for thousands of home foreclosures held by Fannie Mae, and Freddie Mac."
The Chinese Drywall Complaint Center will continue to do everything possible to call attention to the Toxic Chinese Drywall Disaster for US homeowners, their families, and the US taxpayers. The group believes something needs to change with respect to the Obama Administration's handling of this disaster, and even though its been nearly four years, President Obama's leadership would be welcomed-its long overdue. http://ChineseDrywallComplaintCenter.Com
(United States District Court-Eastern District of Louisiana MDL Case #2047)