A substantial lack of drywall throughout the United States housing boom from 2004 to 2007 caused numerous contractors to import drywall from Chinese manufacturers to meet the higher demand. The majority of houses consisting of defective Chinese drywall were developed throughout this time duration. Florida is approximated to have the most homes built with faulty Chinese drywall, although lots of other states are affected, including California, Alabama, Louisiana and North Carolina.
What Makes the Chinese Drywall Faulty?
Millions of pounds of Chinese drywall utilized in the building of homes were polluted with waste material. This waste product can produce hazardous sulfur gasses and other fumes triggering significant issues to the homeowner and the home.
Signs of Malfunctioning Chinese Drywall
If your house was built during this time, you might be questioning whether your home has polluted drywall. Homes have various indications that indicate it’s developed with malfunctioning Chinese drywall:
- Rotten egg odor
- Corrosion of air conditioning and furnace coils
- Corrosion of electrical and plumbing components
- Deterioration of jewelry and guitar strings
Homeowners also experience illness from the harmful sulfur gasses that are leaking into the air from the malfunctioning Chinese drywall:
- Breathing problems
- Nose bleeds
- Irritation of sinuses, throats and eyes
- Sleep apnea
All of these issues force numerous property owners to spend thousands of dollars attempting to remove the tainted drywall and replace personal effects that’s been polluted.
What Do I Do if I Have Defective Chinese Drywall?
Ask a certified air conditioner service technician or your homebuilder to carry out a visual assessment if you’re experiencing any symptoms of faulty Chinese drywall. Talk to an attorney as quickly as possible if defective drywall is discovered. Trigger action is necessary given that lots of contractors and developers are applying for bankruptcy protection or closing their companies. Any hold-up may make it harder to receive satisfaction on a faulty Chinese drywall claim.
There’re several class action lawsuits that have been submitted over malfunctioning Chinese drywall. Go over with your lawyer the possibility of participating among these claims.
Deceptive Schemes Associated with Chinese Drywall
You have to beware of rip-offs that benefit from consumer fears of Chinese drywall problems. The schemes usually involve incorrect tests to determine defective drywall and quick treatment solutions. The existence of defective drywall can’t be figured out by evaluating the air. It can just be figured out through visual inspection.
Likewise, if defective drywall is found during a visual examination, it can’t be fixed with quick-cure remedies. These treatments may in fact make the problem worse. Hire a licensed specialist with a good reputation to discover and remove the malfunctioning drywall.
Tax Reductions for Damage
Homeowners can now declare a federal tax reduction for Chinese drywall damage. Quantities paid to fix drywall damage can be deducted as a casualty loss on federal tax returns.
Here are a couple of details about taking the deduction:
- The deduction applies to losses triggered by imported drywall installed in houses in between 2001 and 2008
- You may declare the deduction for drywall damage repair works to your individual house or family home appliances
- You may take the amount paid for repairs as a casualty loss in the year you made the payment
- If you already submitted your income tax return for the year you paid for the repairs, you generally have 3 years to file an amended return to declare the deduction
- If you aren’t seeking coverage for the loss through insurance coverage or a claim, you might assert a tax casualty loss for all unreimbursed amounts paid for the repairs throughout the year
- If you do have a pending claim for compensation, you may declare a loss for 75 percent of the unreimbursed amount paid during the year to fix the damage
You cannot declare a loss if you have actually currently been totally paid for the damages
To get more information about the deduction, checked out Income Treatment 2010-36 at the IRS site.
Concerns for Your Lawyer
A qualified international attorney can help you with questions such as these:
- Exactly what should be my primary step if I think my house was developed with faulty Chinese drywall?
- Is there a Chinese drywall class action suit that I could join or do I need to submit a specific suit?
- Could my house have defective Chinese drywall even if it was constructed before 2004?