Loan Modification

Homeowners in 32 states?but mainly in Florida, Louisiana and Virginia?living in houses built using drywall imported into the country from China between 2004 and 2007 have lodged claims that the material created foul odors; corrosion of pipes, coils and wiring; damage to furniture, fixtures and jewelry; as well as health problems that include respiratory ailments, headaches, coughing and fatigue.

Legal action that has resulted has seen actions against wallboard manufacturers and builders. Insurers have rejected claims against homeowners policies on the grounds that policy language excludes them.

The CPSC and HUD guidance recommends replacement of all possible problem drywall, fire safety alarm devices, electrical components and wirings, and all gas service piping and fire suppression sprinkler systems.