Re: Orlando Sentinel Article re: TV's Siding Problems
If the vinyl siding installation is indeed a problem of large-number proportion, it won't take long before an enterprising law firm sees this as a potential class issue worthy of a contingent-fee suit. Then the sign-up notices will appear in many places.
That being said, the purpose of these kinds of lawsuits is to encourage settlement and never appear before a jury. As noticed elsewhere on this forum, the TV management is business-realistic on when settlement makes good business sense. If the vinyl siding issue escalates due to proven workmanship defects, settlement is a reasonable solution to ending bad press, especially when the costs are later part of the overhead on future sales. Also, I would be highly surprised if the TV management has not already allowed for such potential problems to arise, and have contingency funds earmarked for such a circumstance - as that's what most successful business do.
I bought my CYV (vinyl) in July '07 and plan for a top-to-bottom home inspection in late March, so as to wrap up any possible warranty issues befire the clock runs out. Needless to say, the vinyl siding will be especially examined.
I'm glad to have this means of sharing information. It does help to know what's happening within the community. However, had all of this been made known to me prior to July '07 I would still have purchased the CYV I have now, as the location of the CYV was more important than what was on the outside walls. In the end, even if it meant replacing all of the siding, I still think I got a bargain and love the location, the neighbors and the overall life style.
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