ADD SOMETHING HERE.
This site is being constructed to inform innocent New Home buyers how I and others were taken by CONTINENTAL PROPERTIES .
The Residential Warranty Company is for the builder's protection, not yours. So if you think your protected from a bad builder ,YOUR NOT. Builders have a choice between a private warranty plan or the one run by the State. Gee guess what? The builder picks the one that helps them not you. The builder gets insentives (look at the last link on the bottom right for the insentives) from these warranty companies. Now if a company is looking for more business, is it going to go against a builder that they make money from
? NOT!!! The builders are actually the customers of private plans as they purchase these policies on behalf of the homeowners for every house they sell. This financial relationship with the builder being the customer is a conflict of interest. The warranty companys have no real interest in the protection of the homeowner. In fact, our warranty company, Residential Warranty Company (RWC) gave us little to no help at all. Also remeber when you file a claim with your warranty Company you just lost any civil rights you had. You must now go to a binding arbitration with no recurse. My arbitrator did'nt know his ass from a hole in the ground being over 70 years old.
Next is a good read. Also check out the HADD web page. (top link on the left) Their is alot of good info.
HOUSTON, TX 03/01/03. Homeowners Against Deficient Dwellings (HADD),
a national non-profit consumer advocacy organization has released a
new study on the use and abuse of mandatory binding arbitration
clauses in new home contracts. The study, "The Abuse of Binding
Arbitration in New Home Contracts. A Consumerıs Perspective"
concludes: "Contrary to popular belief, arbitration is a private,
profit motivated justice system forced upon new homebuyers, and is
abusive, extremely costly, grossly unfair and provides no tangible
benefit to the homebuyer."
The vast majority of new homebuyers blinded by low interest rates and
the excitement of owning the American dream do not realize they must
give up their American rights to a trial by jury in case of a serious
construction defect. Instead, homebuilders insert generic arbitration
clauses in the contract without disclosing the high cost, and the
loss of the buyerıs legal rights, once protected by the 7th Amendment
of the Constitution.
Much of the study is based upon testimony in two interim studies
conducted by the Texas House of Representatives in the Summer of
2002. After a homeowner has attempted to resolve the dispute without
legal action, they quickly learn that a suit, which could hold a
builder accountable, is replaced with a costly private justice system
where high costs and abuse have been documented.
According to HADDıs President and Founder, Nancy Seats, "Arbitration
provides ample protection for the builder through limited liability
while the homeowner is punished with extreme processing fees, and
grossly unfair decisions. We hope this study will be useful to State
lawmakers in understanding the limited rights consumers have when
dealing with an uncooperative builder and their private justice
system."
"Until the laws are changed to prohibit mandatory arbitration clauses
in new home contracts, the biggest investment of your life,
the "American Dream" will continue to have as much protection as
buying stock in Enron." says Seats.
The full report in PDF format can be downloaded from the HADD website
at http://www.hadd.com/arbitration.pdf
About Homeowners Against Deficient Dwellings (HADD): HADD, a national
non-profit organization incorporated in the State of Kansas, is
composed of individuals from across the country that share a common
bond of owning a defective home. There are over thirty HADD
Representatives in 25 states advocating for quality construction,
accountability, and ensuring fair laws are in place for consumers
across the country. Their website can be visited by clicking on the link at the top right.
http://www.hadd.com
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