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  1. #1
    Join Date
    Mar 2007
    Location
    Succasunna NJ
    Posts
    574

  2. #2
    Ted Menelly's Avatar
    Ted Menelly Guest

    Default Re: Builder loses BIG!

    OK

    Maybe it was a quick read but what I saw was the offer to fix the home was refused. The offer to buy back the home was refused. So.....why does the builder have to pay 7,000,000.00

    That is no where near a 7 mi8llion dollar loss.

    I guess I have to read the whole story.


  3. #3
    Join Date
    Mar 2008
    Location
    Charlotte NC
    Posts
    2,303

    Default Re: Builder loses BIG!

    So where did the building inspector fall into all of this. Wasn't there a footing inspection?

    The beatings will continue until morale has improved. mgt.

  4. #4
    Join Date
    Mar 2007
    Location
    Lake Barrington, IL
    Posts
    1,363

    Default Re: Builder loses BIG!

    "While the home was still in the process of being finished, the Akhtars first learned it was deteriorating when a plumber visited in 2006, noticed cracks, and concluded "the house is sliding down the hill," the judge said."

    The plumber's conclusions will get you every time! Crafty fellows.

    The part about piecing the corporate veil was interesting.

    Eric Barker, ACI
    Lake Barrington, IL

  5. #5

    Default Re: Builder loses BIG!

    Thank god a Home Inspector didn't do a pre purchase inspection on this property or they would be responsible to cover the $7,000,000.00 loss. Steve Balshin Majestic Home Inspection Service


  6. #6
    Bruce Adams's Avatar
    Bruce Adams Guest

    Default Re: Builder loses BIG!

    Why even on a custom built home you should have a Home Inspection.


  7. #7
    Join Date
    Mar 2008
    Location
    Charlotte NC
    Posts
    2,303

    Default Re: Builder loses BIG!

    Quote Originally Posted by Bruce Adams View Post
    Why even on a custom built home you should have a Home Inspection.
    Would you have seen that the footings were not the thickness required by the design engineer?

    The beatings will continue until morale has improved. mgt.

  8. #8
    Join Date
    Mar 2007
    Location
    Anacortes, Washington
    Posts
    395

    Default Re: Builder loses BIG!

    New Jersey Building Inspector??? Please I grew up in NJ and everything - everything can be bought for a price.

    The reason the owner didn't take the builders offer is that he had lost credibility and the promise of a fix was most likely a delaying tactic. The second reason is most likely they saw how "fixes" had been done previously - 6 guys recruited at the Home Depot will be reinforcing the foundation. This builder sounds like he was working the shell game pretty well but the judge had enough information to pierce the LLC veil.

    //Rick

    Rick Bunzel
    WWW.PacCrestInspections.com
    360-588-6956

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