At a hearing earlier this week, U.S. District Judge Eldon Fallon said that a program to fix up to 300 homes in Alabama, Louisiana, Florida and Mississippi with tainted Chinese drywall manufactured by Knauf Plasterboard appears to be on the right track. If successful, the program may be extended to other plaintiffs with the defective [...]
Three United States senators have asked Fannie Mae and Freddie Mac to provide a six-month mortgage hiatus to Louisiana and Florida homeowners dealing with Chinese drywall, according to the Sarasota Herald Tribune. Chinese drywall can release fumes that are very corrosive and damages wiring, plumping and other metal components in the home. There is concern [...]