Law Practice
May 3, 2013
10 years after housing boom, end of strict liability statute for latent defects nears
The California housing boom that occurred in the mid-2000s means that hundreds of thousands of homes are about to reach the end of the 10-year strict liability statute for latent defects. By Alan I. Schimmel
Purchasing a new home is the biggest financial decision and investment that most individuals will make during their lifetime. What happens when it is discovered that a person's dream home has a large crack running through its foundation, or when it rains for the first time and the roof and windows leak like a sieve? Housing developers have financial incentive to build projects quickly and cheaply; accordingly, construction defects can be f...
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