check this out.... Some Relief For Chinese Drywall Problem
July 2010
You've heard about it-maybe had some experience with it yourself, and Freddie Mac finally realized that this is a major issue for those who have had a home built (or remodeled) using this material from China.
Here are some of the problems.
· Replacement/Repair costs for thousands of homes
· Causes Foul Odor - Health problems
· Affects home safety by corroding metals
o Wiring and Electrical Components
o Fire Detection & Suppression Systems
o Gas Piping
o Plumbing
Freddie Mac Relief Policy
· 3 Months of payments SUSPENDED; or
· 6 Months of REDUCED payments; or
· Up to 12 Months of postponed mortgage payments-case-by-case basis.
Want More Info? U.S. Consumer Product Safety Commission's Drywall Information Center
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