(Vocus/PRWEB) March 07, 2011
The Chinese Drywall Complaint Center warning all US banks about dumping toxic Chinese drywall foreclosures on unsuspecting new buyers, with the only disclosure being-As Is. They say, “We can prove major US banks are dumping toxic Chinese drywall foreclosures on unsuspecting new buyers, with the only disclosure being-As Is. The same bank then turns around and puts a new mortgage on the house, with no disclosure to the pension fund, or investor, that buys the securitized mortgage. We call that securities fraud, and we are demanding a criminal SEC securities fraud probe.” The group is also warning all home buyers in Florida, Alabama, Mississippi, Louisiana, and or Southeast Texas to not buy any home, condo, or town home without having the property thoroughly tested for toxic Chinese drywall. They say, “Because of hurricanes Katrina, Ike, Rita, and Ivan, we have to include storm damaged homes in all US Gulf States, so our time frames for new homes, subdivisions, or condos from 2000 to 2008 just went out the window-translation it could be in any hurricane damaged home.” The Chinese Drywall Complaint Center says, “Just because there is no federal leadership from the Obama Administration, from the US EPA, the CDC, or the absolutely pathetic US Consumer Products Safety Commission, it should not mean it is open season for Florida real estate flippers to dump an un-repaired toxic Chinese drywall home foreclosure-with no disclosure, on a completely innocent consumer, or family. Why even have an Attorney General in Florida, or Alabama, Mississippi, Louisiana, and or Southeast Texas?” http://ChineseDrywallComplaintCenter.Com
The Chinese Drywall Complaint Center says, “We have no issue with honest investors buying toxic Chinese drywall foreclosures in Florida, or the US Gulf States, as long as they buy the warranty products of the National Construction Warranty Program, and they hire a very ethical contractor, who will strictly adhere to the National Construction Warranty Program’s remediation protocol.” The group is saying, “investors involved with these flippers in Florida, and other US Gulf States, who are doing no actual repairs to these toxic Chinese drywall home foreclosures are out of their minds-just wait until the health related exposure to toxic Chinese drywall personal injury lawsuits start.” They say, “We are calling banks, and real estate flippers out for their reprehensible behavior, and we will stop them. As a indication of our resolve, we have designed a service, that will help advise honest Chinese drywall home investors on what to buy, how much to pay, suggest ethical contractors, and strategies. Our one, and only caveat is the investor buys the products from, and strictly adheres to the remediation standards set by the National Construction Warranty Program. This way everyone wins-including the investor, the ultimate consumer, and their family.” http://NationalCDW.Com
For more information about symptoms of toxic Chinese drywall, or information related to toxic Chinese drywall please visit the Chinese Drywall Complaint Center’s web site at http://ChineseDrywallComplaintCenter.Com
The Chinese Drywall Complaint Center, or its parent group Americas Watchdog was not paid a fee, or given any type of compensation for their endorsement of the National Construction Warranty Program. The group says, “We have endorsed the National Construction Warranty Program because its the only sensible game in town for repairing a toxic Chinese drywall home, and because we feel like it was the right thing to do.”
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