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.
From Elizabeth Breier...to...Anthem Opinions
ReplyDeleteAnother 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.
A great additional consideration, Liz.
ReplyDeleteFrom Robert Nusser...to...Anthem Opinions
ReplyDeleteAs 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.