Chinese Drywall Complaint Center Demands Mortgage Relief For Florida & Gulf States Home owners Stuck In Chinese Drywall Hell


(PRWEB) May possibly 18, 2011

The Chinese Drywall Complaint Center says, “The imported toxic Chinese drywall disaster in areas like Florida, Alabama, Mississippi, Louisiana, Virginia, and Southeast Texas is the worst man created environmental disaster to ever hit the US, and unless someone methods up to the plate pretty soon, its just going to get worse for every person. Everybody contains the completely innocent property owners, who would have by no means knowingly bought a toxic Chinese drywall home. Everyone also includes entirely innocent young children of homeowners stuck in these toxic Chinese drywall residences.” The group says, “We believe it is insanity for main US banks, or loan servicers to continue to pretend that the toxic Chinese drywall environmental disaster is just going to go away on its own. Unless these residences are effectively remediated, the disaster by no means goes away, it just festers, and it gets worse.” They say, “We think the time has come for key US banks, and loan servicing businesses to step up to the plate to aid these property owners. Meaningful support for property owners stuck in a toxic Chinese drywall residence in Florida, Alabama, Mississippi, Louisiana, Virginia, and Southeast Texas would involve a substantial loan modification, along with what is known as a 203-K mortgage. The exclusive function of a 203-K mortgage system is it permits for a buy price, and remediation built into the mortgage item.” http://ChineseDrywallComplaintCenter.Com

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The Chinese Drywall Complaint Center says, “In places like Lee County, Florida, the Assessors Office has some toxic Chinese drywall homes valued at the land price only. The actual residence, or condo is worth zero. We feel this must be a enormous wake up get in touch with to all main US banks, or mortgage loan servicers. Do the pension funds, or investors know their securitized mortgage is worth practically zero?” They also say, “At the exact same time we are horrified with the prospects of Florida true estate flippers buying toxic Chinese drywall foreclosures, and then performing a low finish remediation-doomed to fail, or even worse, no remediation on the foreclosure, and then spinning the home to a new buyer, usually from out of state, or who has never heard of toxic Chinese drywall prior to. Is anybody in city, county, state, or the federal government remotely worried about any of this? Are the Fed’s ever going to show up to the toxic Chinese drywall disaster?” http://ChineseDrywallComplaintCenter.Com

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The Chinese Drywall Complaint Center is saying, “Toxic Chinese drywall foreclosures can be excellent investments, if the investors, or property purchaser understands what they are doing, and the vital aspect of a suitable residence remediation. Even so, if the investor, or purchaser fails to do it proper, the residence eventually becomes an additional foreclosure. We are carrying out everything achievable to change the Florida toxic Chinese drywall foreclosure flipper quick buck, or go inexpensive mentality into anything sane. But, it truly is time for major US banks, and loan servicers to show up, by assisting current homeowners stuck in toxic Chinese drywall hell, and or insuring that toxic Chinese drywall foreclosures go by way of a rigorous remediation prior to they are permitted to be mortgaged to a new house purchaser, or investor.” http://ChineseDrywallComplaintCenter.Com

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Chinese Drywall Complaint Center Now Calls No Extension of The Mortgage Forgiveness Debt Relief Act a New Nightmare for Homeowners Stuck in Toxic Chinese Drywall Hell


(PRWEB) December 03, 2012

The Chinese Drywall Complaint Center is now warning all property owners in Florida, Alabama, Mississippi, Louisiana, Southeast Texas, and Virginia who have a mortgage on a property that includes toxic Chinese drywall that if the Mortgage Forgiveness Debt Relief Act is not extended prior to midnight December 31st 2012, they will be taxed on any mortgage principal reduction provided by their bank, or mortgage lender related to a brief sale, a loan modification, a deed in lieu, or a foreclosure-as if it was ordinary earnings-if the mortgage principal reduction is done anytime in 2013, and the bill collector will be the IRS. The Chinese Drywall Complaint Center says, “President Obama has yet to show up to the toxic Chinese drywall disaster in Florida, the Gulf States, and Virginia, he has not mentioned the toxic Chinese drywall disaster 1 time in public, there has been no meaningful response from the US EPA, and unless the US Congress extends the Mortgage Forgiveness Debt Relief Act-NOW- property owners stuck in toxic Chinese drywall hell could get a gigantic IRS tax bill if they get any sort of mortgage principal reduction from their bank, or mortgage lender in 2013-if they do a brief sale, a loan modification, a deed in lieu of foreclosure, and or a house foreclosure. We are calling this the ultimate nightmare for toxic Chinese drywall home owners. Not extending the Mortgage Forgiveness Debt Relief Act would be a disgrace for property owners stuck in toxic Chinese drywall hell in Florida, the US Gulf States, and Virginia.” http://ChineseDrywallComplaintCenter.Com

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On the topic of disgraces, the Chinese Drywall Complaint Center considers the Knauf Tianjin toxic Chinese drywall settlement to be a disgrace as nicely. The group estimates among Florida, Alabama, Mississippi, Louisiana, and Southeast Texas there are at least one hundred,000 properties that include this particular type of toxic Chinese drywall-generally intermixed with US made drywall. The Chinese Drywall Complaint Center is deeply concerned that the so named Knauf Tianjin toxic Chinese drywall Court Settlement lacked transparency, there was no concerted effort to determine all impacted homes, or residence foreclosures-with the net result only about 5% of the homes in Florida, or the Gulf states will be repaired, or will participate in this settlement. The Chinese Drywall Complaint Center says, “So what occurs to the 95,000 properties, condos, or town houses not integrated in the Knauf Tianjin settlement? They become foreclosures, they get resold to new unsuspecting home owners, and as soon as the new homeowner discovers the residence has Knauf Tianjin toxic Chinese drywall-the house becomes a foreclosure all over once again. We are in the strongest terms feasible urging Judge Fallon of the Federal District Court of New Orleans to re-open the identification period for properties that contain toxic Knauf Tianjin Chinese drywall till at least June 1st 2013. Incorporated in this settlement should be banks, and taxpayer owned Fannie Mae. Why need to bank stockholders, and taxpayers get stuck with the cost of either bulldozing, or paying for a very rigorous remediation of a toxic Chinese drywall residence foreclosure in Florida, or any other US Gulf state?” http://ChineseDrywallComplaintCenter.Com

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The Chinese Drywall Complaint Center says, “One particular a lot more disgrace that requirements to be mentioned about Knauf Tianjin toxic Chinese drywall-if this certain type of toxic Chinese drywall is toxic sufficient to consume by way of a copper air conditioning coil in about a year in a Florida house-what is exposure to this variety of drywall performing to the well being of the folks who live in these residences?” http://ChineseDrywallComplaintCenter.Com

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(United States District Court-Eastern District of Louisiana MDL Case #2047)

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