CONSUMER GROUP WARNS LAWMAKERS AND NEW HOMEBUYERS OF THE EXTREME LIMITATIONS IN NEW HOME WARRANTIES.

FOR IMMEDIATE RELEASE

For More Information Contact:
Nancy Seats, (National)
President of Homeowners Against Deficient Dwellings (HADD)
816-781-1891
nancy.seats@hadd.com

CONSUMER GROUP WARNS LAWMAKERS AND NEW HOMEBUYERS OF THE EXTREME LIMITATIONS IN NEW HOME WARRANTIES.

HOUSTON, TX‹01/01/03. Homeowners Against Deficient Dwellings (HADD), a national non-profit consumer advocacy organization released a new report identifying extreme limitations and loopholes in new home warranties. The report, "New Home Warranties. Deception or Protection?" analyzes the warranties used by many builders in America and highlights the limitations, exclusions, and unreasonable maintenance requirements common to each warranty.

"This year, the National Association of Homebuilders will continue to attempt to pass state legislation based upon the performance standards defined in these warranties. These performance standards are extremely limited, unreasonable, and should serve as a warning to our elected officials." says John R. Cobarruvias newly appointed President of HADD Texas and chief researcher for the report.

The vast majority of new homebuyers blinded by low interest rates, do not take the time to understand the limitations, exclusions, and
maintenance required to maintain the warranty and assume their life-long investment has adequate protection. Because of this assumption many homeowners when faced with an expensive repair, are shocked to learn the extreme limitations of their warranty. As one example, many
homeowners incorrectly believe their home is covered for foundation failures for a full 10 years. This is not true for any of the
warranties reviewed for the report. Because of the extreme limitations and unreasonable maintenance required for the foundation by the
homeowner, few damaged foundations would qualify for warranty repairs.

"State Lawmakers, as well as all new homebuyers should read these warranties before making any decisions. Unlike a car with 10 year, 100,000 mile bumper to bumper coverage, these warranties and performance standards are unreasonable, leaving the biggest investment of a lifetime, a new home, with the least amount of consumer
protection" says Nancy Seats National President of HADD. "We hope this report will be useful to State Lawmakers when considering new
legislation concerning new home construction and consumer protection."

New homebuyers are urged to read and understand their warranty prior to the purchase and have a state licensed inspector inspect the home for
defects prior to occupancy.

The full report in PDF format can be downloaded from the HADD website at http://www.hadd.com/warranty.pdf.

About Homeowners Against Deficient Dwellings:
HADD, a national non-profit organization incorporated in the State of Kansas, is comprised of individuals from across the country that shares a common bond of owning a defective home. There are over thirty HADD Representatives in 25 states advocating for quality construction,
accountability, and ensuring fair laws are in place for consumers across the
country.






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