New Condo Complaints Heat Up (NY)

Look back to the end of the last housing cycle, and the downturn was marked by a flurry of complaints from condo owners and their boards against developers, claiming defects in new or renovated buildings. Roofs and pipes leaked, balconies crumbled and facades cracked. The ensuing lawsuits dragged on for years, as homeowners struggled to recoup their losses.  Now, as another round of homeowners settles into new apartments, the complaints are rolling in again. Lawyers say they are fielding as many calls from anxious owners and condo associations as they did in the early 2000s. The problems, they say, are similar to those that plagued properties when the housing market crashed in 2008.    Read the article……………

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