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It's Your Choice, Homebuilder Contract
Friday, 04 August 2006

                  BEWARE!  Unsafe at any price?
     
     When should buyers just say ‘No Thank You?’
 

Waive rights, hold harmless, risk lifetime investment and health of family.  See items in Choice Home’s Contract that should totally infuriate New Homebuyers.

* The parties understand and agree that no claim subject to this Contract, and any amendments or addenda thereto will be filed as a class action.Buyer hereby waives any right to serve as a class representative, whether in court or in arbitration

* Buyer and seller shall each pay their own attorneys' fees incurred in connection with the arbitration unless a statute or contract at issue in the dispute authorizes the award of attorneys' fees, in which case the arbitrator shall have the authority to make an award of attorneys' fees as required or permitted by law.

* Notwithstanding anything to the contrary herein or under Texas law, if Buyer fails to prevail on its claims raised in the dispute, the arbitrator shall award seller its reasonable and necessary attorneys' fees and expenses incurred in defending the dispute.

Truly Astonishing:  Unsafe at any price

After the closing, as between Buyer and Seller, the risk of liability or expense for environmental problems, even if arising from events before the closing, will be the sole responsibility of the Buyer, regardless of whether the environmental problems were known or unknown at the closing.  Once the closing has occurred, BUYER AGREES TO INDEMNIFY, DEFEND, HOLD HARMLESS, AND RELEASE SELLER FROM LIABILITY FOR ANY LATENT DEFECTS AND FROM ANY LIABILITY (INCLUDING WITHOUT LIMITATION, ANY STRICT LIABILITY) FOR ENVIRONMENTAL PROBLEMS AFFECTING THE PROPERTY, INCLUDING LIABILITY UNDER THE COMPREHENSIVE ENVIRONMENTAL RESPONSE, COMPENSATION, AND LIABILITY ACT (CERCLA), THE RESOURCE CONSERVATION AND RECOVERY ACT (RCLA), THE TEXAS SOLID WASTE DISPOSAL ACT, OR THE TEXAS WATER CODE. BUYER INDEMNIFIES, DEFENDS, HOLDS HARMLESS, AND RELEASES SELLER FROM ANY LIABILITY (INCLUDING WITHOUT LIMITATION, ANY STRICT LIABILITY) FOR ENVIRONMENTAL PROBLEMS AFFECTING THE PROPERTY ARISING AS THE RESULT OF SELLERS OWN NEGLIGENCE OR THE NEGLIGENCE OF SELLER'S REPRESENTATIVE.  BUYER INDEMNIFIES, DEFENDS, HOLDS HARMLESS, AND RELEASES SELLER FROM ANY LIABILITY FOR ENVIRONMENTAL PROBLEMS AFFECTING THE PROPERTY ARISING AS THE RESULT OF THEORIES OF PRODUCTS LIABILITY AND STRICT LIABILITY, OR UNDER NEW LAWS OR CHANGES TO EXISTING LAWS ENACTED AFTER THE EFFECTIVE DATE THAT WOULD OTHERWISE IMPOSE ON SELLERS IN THIS TYPE OF TRANSACTION NEW LIABILITIES FOR ENVIRONMENTAL PROBLEMS AFFECTING THE PROPERTY.
Statements made by Seller's employees, agents, or representatives regarding environmental matters are based on limited information and should no be relied upon by buyer.

Builders trick to avoid responsibility for defective under designed foundations.  Homeowner must water their foundation or be responsible for foundation failure?
Buyer understands that the soils of
Texas, because of their makeup, are prone to shift and adjust based on changes in temperature and precipitation.  Movement of soils can result in damage to the foundation of the home, and thus to the home itself. Possible damage from this movement includes cracking, and/or separation of building materials and finishes. Buyer agrees to minimize the potential for such damage by monitoring and maintaining the moisture condition of the soils surrounding the foundation of the home......Buyer understands and agrees that cracking of the foundation of the home and/or movement of the foundation will not constitute a construction defect or breach of any warranty, if any, on the part of the Seller unless such cracking or foundation exceeds the construction standards guidelines applicable to the limited warranties set for in Chapter...... 

 
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Reckless Endangerment
BY: GRETCHEN MORGENSON
and JOSHUA ROSNER

Outsized Ambition, Greed and
Corruption Led to
Economic Armageddon


Amazon
Barnes & Noble

NPR Special Report
Part I Listen Now
Perry Home - No Warranty 
Part II Listen Now
Texas Favors Builders

Washington Post
The housing bubble, in four chapters
BusinessWeek Special Reports
Bonfire of the Builders
Homebuilders helped fuel the housing crisis
Housing: That Sinking Feeling

Texas Regulates Homebuyers
 
Texas Comptroller Condemns TRCC Builder Protection Agency
TRCC is the punishment phase of homeownership in Texas

Consumer Affairs Builder Complaints

 TRCC Implosion
 TRCC Shut Down
 Sunset Report

IS YOUR STATE NEXT?
As Goes Texas So Goes the Nation
Knowledge and Financial Responsibility are still Optional for Texas Home Builders

OUTSTANDING FOX4 REPORT
TRCC from Bad to Worse
Case of the Crooked House

TRCC AN ARRESTING EXPERIENCE
The Pat and Bob Egert Building & TRCC Experience 

Build it right the first time
An interview with Janet Ahmad

Bad Binding Arbitration Experience?
conttribute@hobb.org
 or call 1-210-402-6800

Special Money Report
Big Money and Shoddy Construction:Texas Home Buyers Left Out in the Cold
Read More
Read Report: Big Money…
Home Builder Money Source of Influence

Warranty?  What 25-Year-Warranty?
Warranty Scams that fool the public 25 years, 50, 100 or even a Lifetime Warranty, whats the difference?

PROFITABLE DEFECTIVE PRODUCTS
 
Read More...

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