Real Estate On Tap

Chinese Drywall Trial Starts In Miami, FL

Country’s First Trial Involving Domestic Distributor

The Chinese Drywall case against Banner Supply was underway with jury selection Monday morning in front of Miami-Dade Circuit Judge Joseph P. Farina. The suit alleges that Banner was aware of the product’s defects and never informed customers.

Determination Made Against Knauf Plasterboard Tianjin

A federal judge already decided earlier this year that the German & China-based drywall maker (Knauf) had manufactured sub-standard products which release sulfur at higher levels than normal, causing corrosion of electrical wiring and metals.  But this is the first time that homeowners are taking a building supply distributor. Read the rest of this entry »

Tags: banner supply, chinese drywall, colson hicks, kanuf, lawsuit, legal, luxury real estate, miami

Judge Bailey Lays Down The Gavel

Sending A Message

Miami-Dade Circuit Court Judge Jennifer Bailey sent a message to every  lender who presupposes that simply being owed money by a borrower is enough to circumvent laws, orders or anything else that under any other circumstances would simply not be tolerated in a court of law.

Eslava vs. HSBC

The substance of the case was this:  A borrower was looking to his lender for a loan modification to make payments more affordable.  Essentially unable to come to terms, the lender’s motion to foreclose was granted … but, HSBC (the lender) lost the note.  Because of this, the court mandated that the lender post a bond to avoid any issues from another lender filing a claim against the borrower. Read the rest of this entry »

Tags: florida default, foreclosure, lawsuit, loan mod, loan modification, short sale