Update on the Carrington property that owners had to vacate in Castle downs due to risk of collapse - sorry if posted somewhere already.
Carrington can't successfully be sued despite this:
"Investigators determined the 83-unit building, constructed in 1999, does not match the architectural designs on record and that construction did not comply with the building code."
"Housing developers often rely on single-use corporations. Developers create new corporations for the sole purpose of developing a project, and then dissolve the company once construction is complete." As a result there is basically no one to sue.
Condo corporation is dissolving. People still have to pay their mortgages and walk away. Oqners will get a bit of money from land sale. Many declaring bankruptcy.
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