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http://blog.anthemvoice.org/2012/04/09/sca-board-holds-secret-construction-defects-settlement-mtg/
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"Imagine the hundreds of thousands of dollars of windfall profits Del Webb/Pulte has received for not having to pay for about $13 Million in construction defects owed for over a decade. And, imagine how much the originally estimated settlement amount has probably been cut after 4 years of negotiations.
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Based on past experience with Del Webb/Pulte, the proposed settlement amount is probably less than 50% of the estimated value to conduct the repairs. And, after all of the expenses, contingency fees and future management fees the net value available to repair the proven construction defects is likely to be less than 30% of the requirements."
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Monday, April 9, 2012
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