Thread: Builder loses BIG!

Developer, agent ordered to pay $7 million for Florham Park, NJ, house sliding down hill | dailyrecord.com | Daily Record

Triple damages no less...

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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.

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

"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.

Originally Posted by Darren Miller

Developer, agent ordered to pay $7 million for Florham Park, NJ, house sliding down hill | dailyrecord.com | Daily Record

Triple damages no less...

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

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

Originally Posted by Bruce Adams

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?

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