Do you have Chinese Dry Wall

October 23, 2009
Matt Isleib

 

As if the homeowners in the lovely state of Florida did not have enough to be worried about with the housing and mortgage markets they can add whether or not their home was built using Chinese dry wall to the list of problems.

The dry wall in question was imported during a four year span from 2004-2008. There was enough imported to the US to build tens of thousands of homes with Florida getting the lion share of the material. So there is a good chance if you have a new home built within that time frame your home may contain Chinese dry wall.

The problem is that the dry wall emits sulfuric fumes and corrodes pipes. The worst part is insurance companies not only will not accept claims if your home is found to have Chinese dry wall but they are dropping and opting not to re-insure homeowners.

The state of Florida is not alone. The majority of the dry wall was used in the South. The government is currently investigating the problem and there may be some sort of relief program established. LoanClassroom will update any links or news that becomes of this story.