Builder default on builders certificate what can the buyer do?

Builder never paid or signed for the builder warranty (10 year structural warranty) but he submitted a certificate that he did. Now the buyers have a major problem. Builder refuses to respond but he is building another property next door. Please advise.

Post an Answer
Report Abuse:
Click Here
Asked by
REALTORS®
Status
Open

Builder default on builders certificate what can the buyer do?

By Jennifer Bustamante   
Posted on Jan 05, 2021 in Topic: Realtor Only
Add to Favorites
 
Builder never paid or signed for the builder warranty (10 year structural warranty) but he submitted a certificate that he did. Now the buyers have a major problem. Builder refuses to respond but he is building another property next door. Please advise.
Status: Open
Viewed: 716
Asked by: REALTORS®
Posted: 2 months ago
Report Abuse: Click Here
Bronze
Marti Pattinson
about 2 months ago
First, speak to your broker to make sure they support your pursuit of this matter. How have you confirmed that the builder never paid or signed for the builder warranty?
Hearsay or fact you have confirmed? Is the builder a member of the Greater Houston Association of Home Builders? Refer the oversight of the Builder to a mediator or attorney (per contract) and stay out of the middle while supporting your client, Good luck!


about 2 months ago
Silver
Dina Mousa
about 2 months ago
A real estate attorney is best suited to help. We aren’t experts in law, and I wouldn’t go there because it would risk your license to do so.


about 2 months ago
Bronze
Don Davis
about 2 months ago
Mediate and Arbitrate and Contact A Real Estate Attorney


about 2 months ago
Bronze
Beverly Schulz
about 2 months ago
A real estate attorney will advise buyer and brokerage on how to proceed. In some lawsuits, attorney fees for both parties are paid for by the losing party but mediation or arbitration may be an option. The attorney will be able to review and guide based on contract documents.


about 2 months ago
Silver
Doris Snipp
about 2 months ago
While this question can not be answered without attorneys, Realtors when representing clients who are need to know one risk of using custom builders is they do not necessarily carry this type of policy. There may be some builders who are unable to obtain such a policy. You can turn to the GHBA to see if a Builder is in good standing.


about 2 months ago
Bronze
Fola Ajisafe
about 2 months ago
You should get your broker involved in this scenario and advise your buyer to retain a real estate attorney who has the expertise in handling such a case. I'd stay clear of this cos your license might be at risk. Good luck!


about 2 months ago
Silver
Diane Peters
about 2 months ago
Be careful and speak to your Broker about it to see what they suggest. Or have your buyer to consult an attorney. I pray all go well for you.


about 2 months ago
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
Advertisement
Advertisement

Find a Pro

Search Real Estate Professionals

Advertisement