We received a letter from a law firm today indicating that a number of homeowners in our new community are joining together for a class action CD suit. We bought the home new from the builder (large national) and have lived here for 1.5 years with very little issues, most of which the builder resolved at our request.
What concerns me is that there are multiple phases left in this development, 30 or so homes still to be built. Prices have increased significantly since we purchased and that trend seems to have some legs, but this CD lawsuit could scare potential homebuyers not only of resale homes in the development, but also the new ones being sold by the builder. Do they have to disclose the CD lawsuit to all their new buyers?
If people have serious issues, I get it; but it seems to me like people (and the attorneys) are hoping to get something for nothing…
