Information Pages

Sunday, June 9, 2019

Construction Default Lawsuit Settled....but...Many Questions Need Answers

Liberty Center Default Construction Lawsuit Settled
Was It Worth It?

Image result for lawsuit settlement

or
Click on our Information Page

"Nevada Know How"

3 comments:

  1. From Elizabeth Breier...to...Anthem Opinions

    Another potential expense affecting net return:

    Depending on how the Settlement is written and if the proceeds are compensatory or punitive damages, there are taxes to be considered. 

    ReplyDelete
  2. A great additional consideration, Liz.

    ReplyDelete
  3. From Robert Nusser...to...Anthem Opinions 

    As a retired Bank employee and retired Real Estate Appraiser, I fully concur with Mr. Fetherolf's  opinion that the Liberty Center building should have been professionally inspected BEFORE we accepted the keys to the building; AND if, in fact, SCA had a deal with Pulte to accept the structure "as is", it demonstrated the complete lack of experience of that HOA Board. 

    In over 30 years of experience, I NEVER heard of a situation whereby a Bank funded or accepted new construction without incremental inspections during the building process AND a complete final inspection BEFORE paying for the construction...

    ...of course, some individual(s) may try to show me to be incorrect since we didn't "pay" for the building - but, in effect, we ALL paid for it.

    The fact that Pulte would NOT allow inspections of the on-going construction WOULD  have been a RED-FLAG to anyone with a modicum of construction experience.  

    ReplyDelete