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Mounting Complaints on Defective Chinese Drywall
Wednesday, 28 January 2009

Construction Consultant Agrees: Chinese Drywall Defective
Hundreds of homeowners have been plagued by odious smells and ongoing wiring, pipe, and air conditioning problems due to defective Chinese Drywall.  Worse, consumers are complaining about health problems that seem to lift when they are away from the toxic Chinese Drywall.  Health concerns include an array of respiratory problems, nosebleeds, irritated eyes, and headaches.  Of very serious concern, is the possibility that the Chinese Drywall is emitting excessive amounts of hydrogen sulfide fumes, which can cause extreme irritation, unconsciousness, and even death.

Read more...
 
Top 5 Lies from LIE-NNAR.com Fraud and Concealing Soil Conditions
Friday, 16 January 2009

Breach of Contract and Fraud - Mortgage Fraud and Whistleblower Retaliation
Lennar Corporation’s subsidiary Universal American
Mortgage Company LLC (UAMC) has been accused by the FDIC through the federal court appointed receiver1 of breach of contract and fraud in connection with mortgages UAMC sold to First National Bank of Arizona. It is alleged in court pleadings...To demonstrate a pattern of behavior over a sustained period of time in the UAMC mortgage division of Lennar Corporation..former employee was fired for refusing to fraudulently remove and destroy negative credit information from the files of mortgage applicants. A Decade of Fraudulently Concealing Soil Conditions - The sad reality of the Hutto Park Development is that this awful situation was entirely avoidable for one reason: Lennar Corporation had paid, in the past, $9 million to learn a similar lesson about the dangers associated with building homes on expanding soil. In fact, in the mid-1990’s, the company paid $9 million to a group of homeowners in Glendale, Arizona for issues in a 105-home community known as ‘Pinnacle Hill.’
See LIE-NNAR.com        Read more... 

 
Chinese-made drywall causing economic, health and safety concerns
Friday, 16 January 2009

Drywall From China Raises Health, Safety Concerns
Chinese-made drywall imported during the height of the housing boom is suspected of being responsible for the corrosion and failure of metal components, as well as foul odors, in homes in the Sarasota area and down both coasts of Florida. State and federal health officials are trying to determine whether gases emitted by the drywall are hazardous to humans..."There does seem to be a strong association between the presence of the Chinese drywall and the coil corrosion issues," said David Krause, state toxicologist with the Bureau of Environmental Public Health Medicine.

Read more...
 
Lennarís Stock Falls as Troubles Mount over Accusations of Ponzi Scheme
Saturday, 10 January 2009

Not Zzzz Best Day For Lennar
Minkow claimed that the dealings between Lennar and Briarwood, as described in his letter, are part of a larger pattern in which Lennar treats its joint ventures "like a Ponzi scheme, pledging older joint venture interests to leverage themselves into newer joint venture relationships."

Read more...
 
Editorial: Builders to face damage of sulphur-emitting dry wall
Monday, 29 December 2008

Editorial: Builders face drywall issues
Big questions remain about how much damage the sulphur-emitting dry wall actually caused to air conditioners, refrigerators and even home wiring, and whether there was a threat to human health. Builders are already hard-pressed in the current slump. But this dry wall business has the potential of becoming a class-action litigation nightmare. Better to tackle the matter up front, using insurance, special funds, whatever, to satisfy customers once there's a reasonable handle on the issue, than to let lawyers fight it out in court.

Read more...
 
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Reckless Endangerment
BY: GRETCHEN MORGENSON
and JOSHUA ROSNER

Outsized Ambition, Greed and
Corruption Led to
Economic Armageddon


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