Drum Major Institute for Public Policy - Tort Deform |
Wednesday, 03 January 2007 |
Texas Legislative Session should be good news for builder accountability and new homebuyers
This years Texas Legislative session just may become âground zeroâ of heated debate that highlights the magnitude of increased shoddy homebuilding since the creation of the scandalous Texas Residential Construction Commission (TRCC)... The Texas legislature begins in a couple of weeks and the issues of bad building, massive builder mortgage fraud, epidemic foreclosures, abusive binding arbitration clauses and the failed state âbuilder-protection-agency,â TRCC will be priority issues this session.
Texas Legislative Session should be good news for builder accountability and new homebuyers
By Janet Ahmad
This years Texas Legislative session just may become âground zeroâ of heated debate that highlights the magnitude of increased shoddy homebuilding since the creation of the scandalous Texas Residential Construction Commission (TRCC). The brainchild of homebuilder influence, and spearheaded by builders Bob Perry and David Weekley, TRCC was created to regulate homebuyers.
The Texas legislature begins in a couple of weeks and the issues of bad building, massive builder mortgage fraud, epidemic foreclosures, abusive binding arbitration clauses and the failed state âbuilder-protection-agency,â TRCC will be priority issues this session. More than any other time, there is unity among consumer groups and media attention like never before.
The fact is that all credit for such a mess falls squarely on the National Association of Home Builders (NAHB) inspired by an overconfident and unregulated Texas Homebuilding Industry that has put Texas in unflattering headlines. After great success to limit liability for Texas Homebuilderâs and to incredibly regulate homebuyers, NAHB successfully worked for passage of similar abusive âRight-to-Repairâ legislation in 29 other states; the first step toward regulating homebuyers in all other states. To be sure Texas Homebuilder Bob Perry and his campaign contributions influence is lurking somewhere in states politics throughout the country. His motives and questionable behavior has been the topic of national political headlines by the news media. See related articles: Homebuilder Bob Perry and his money in the news
Texas was once the playground for outrageous legislation however, this time the session appears headed for a showdown from angry families stuck with defective homes and their determination should not be underestimated.
Whether living in Texas or any other state your participation is important and will provide invaluable experience to tackle the same issues that are destroying homeownership in all states.
http://www.tortdeform.com/archives/2007/01/texas_legislative_session_shou.html |