At The Cromeens Law Firm, PLLC, (TCLF) we pride ourselves on delivering the highest level of representation and customer service at all times to our clients, and your satisfaction with our services is very important to us.
In the days following Hurricane Harvey, news agencies reported only about 80 percent of homeowners in the affected areas were covered by flood insurance. As a result, uninsured flooded homeowners have sought other options to repair and replace their damaged property. In an effort to find alternative forms of compensation, some homeowners have attempted to direct their complaints at their builders, subdivision developers, municipalities, and state and federal authorities. This articles summarizes the recent legal actions considered by flooded homeowners, and information that homeowners and their builders should consider going forward.
Generally speaking, it is a good business practice to have all of the essential terms between the parties to be put into a written agreement before the work starts. But, in a situation such as the aftermath of a hurricane, that may not always be possible to do upfront. However, it is not too late to create one - even a contract signed during construction or work performed can be enforced.
In the face of an unstable economy, it is essential that those in the construction industry understand the implications of an owner, general contractor, or subcontractor's bankruptcy filing and take appropriate action to reduce risk. The first step in protecting your interests is to obtain general knowledge of creditors' rights and remedies once a debtor files for bankruptcy.
1. What are the Terms of the Contract?