Tuesday, May 17, 2005

A Homeowner Nails Bob Perry

Andrew Wheat, 5/13/2005 - The Texas Observer: "An extraordinary lemon-home case involving Texas’ most powerful homebuilder has homeowners and builders reversing their traditional roles in such disputes.

A cornerstone of the homebuilding industry’s largely successful efforts to legally outmaneuver homebuyers is the so-called binding arbitration clause that the industry routinely inserts into new home contracts. This oft-overlooked legalese drives disgruntled homeowners out of public courts, forcing them to file claims with a private arbitration company—one often handpicked by the builder or its warranty company. "

Again, read the whole story.

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