$12,683.24 Holiday Bonus?
 

About 2 months ago I received a letter which I basically forgot about informing me of a Class Action Lawsuit against the Developers and sub-contractors that built 130 homes in my neighborhood known as the "Stonecrest" Development.

I meant to read through it but totally forgot about it until today when an attorney representing the homeowners knocked on my door. It seems that they used water resistant "backer boards" behind the tiles in 2 of the 3 shower walls in my home. They were supposed to use waterPROOF

:error

As I was informed today, it seems that they have reached a settlement of $1.75 million. She gave me all the paper work to sign so that my home is included in the claim which of course i read through and gladly did.

Based on the "Statute of Limitations Categories", of which there were 6 - I'm in Category 1 - and will receive the highest amount

Hopefully I'll get the check shortly

:weihnacht

BTW - the lawyers get $577.5K out of the $1.75 million!!!!!!!!!!!!!

:censored

geeezzzzzeee.... we're in the wrong business :1orglaugh

That's a nice fucking surprise ... woah

And it most likely won't change shit (their errors)

That's a nice bonus! Merry Christmas!

its good to be a lawyer.

damn, that's nice, wouldn't mind scoring something like that myself :-/

Not bad at all..congrats

Almost as good as the bad beat story ;)

Be sure to replace the boards......then, take a vacation.

the only people that truly win on class action law suits are lawyers lol

Talking to my RE guy on monday regarding whether or not we HAVE TO fix it.

One of the issues the Developers had brought up was the statute of limitations. Considering when the homes were built it may have gone in their favor but the legal fees might have out weighed their ultimate "victory". Who knows? AND - as we know laywers are the biggest winners in most of these cases anyway!

:winkwink:

BUT - We've been talking about remodeling these 2 bathrooms anyway so either we use the money for that or 4 months of mortgage payments

:thumbsup

Either way - I'll believe it when the check is cashed. Until then I'll forget about it and enjoy the holidays.

:xmas-smil

so what are you gonna do with the $7683.24 ?








5000 for the rolex you're going to be buying me for buying content off of you

$12k will either partially remodel my 2 bathrooms or pay my mortgage for 4 months

:1orglaugh :1orglaugh :1orglaugh

Glad you get some coin, but FUCK the lawyers.

My house was built before it was code to have backerboard at all. My shower tiles are glued directly onto sheetrock and it has been a fucking nightmare. You should definitely replace the showers. I had a water leak that leaked onto my kitchen ceiling, ahhhhh!

uhhhhg!

that SUCKS :(

I will - just a matter of when :winkwink:

Now I know why parents tell kids to go to law school

hehe, you are getting the point now! :)

Very nice, grats to you man :)

ho ho fucking ho!
;)

gotta love a big ole bonus ;)

hmm i dont know why everyone is congratulating you, it might seem like a bonus but thats not alot.. It will cover the cost of replacement of the bathrooms but if you have existing damage it prob wont cover the cost to replace that, like if those backboard cause leaks to the structure that has rotted out from water your screwed and could have to replace the whole shebang at some point because of a water problem. i have seen it happen.. its to bad you couldnt have opted out and sued individually , you might get more..

hopefully you have no damage and you get 3 new bathrooms and some dom to drink .. :thumbsup

That is always the nicest way to get paid.

And lawyers suck major ass.

We received a similar settlement resulting from a suit witrh out home developers as well. It was about $17k. Sounds like your check is on the way Jonathan.

Congrats...

Mitch

It's 2 walls in 2 bathrooms that will need to be re-tiled and get waterproof backer boards ...

Again, we've been talking about remodeling BOTH bathrooms - upstairs will probably run 20 - 25K alone because the "Master BR" is pretty huge ... so, regardless if any damage was done it would HAVE TO be addressed.

:2 cents:

Since that's the case ... it's a bonus. What remains to be seen is WHEN we'll do it :winkwink:

:thumbsup

LOL

WTF?

Is it a Santa Clarita Valley thing? Geeeez!

Thanks Mitch. :)

BTW - I haven't forgot about you. looks like I'll be ready to talk further in Vegas and be ready to do something shortly thereafter!

:thumbsup

Holla at me, sexy!

:winkwink:

:winkwink: