Saturday, August 08, 2009

High Interest In Low Sticker-Priced SW Florida Homes With Chinese Drywall?

In Cape Coral, Florida, WINK News reports:
  • For the first time, we're starting to see homes that are known to have toxic Chinese drywall put up for sale. A never-lived-in, four bedroom, two bath home in Northwest Cape Coral is selling for a steal -- just $19,800. But buyer beware: the low sticker price is because the home is infected with Chinese drywall. Still, people are interested. "We are probably experiencing anywhere between 10-15 calls a day in addition to email leads inquiring about property with Chinese drywall," Realtor Jennifer Pentico says.

For more, see Buyer beware: Chinese drywall showing up in foreclosed homes now for sale.

In a related story, see Sarasota Herald Tribune: U.S. Senators press for action on Chinese drywall (TAINTED PRODUCT: Letters are sent requesting more federal intervention).