AZ-201 Home Buyer Rights (mortgages, loan, lawyers) - City-Data Forum

Home_Kid · 10-06-2008, 10:19 AM

Please vote 'yes' this november for az-201. We home buyers want our rights back.

Home_Kid · 10-07-2008, 03:41 PM

wow, looks like the HB's are making some contributions this election year. i just received in the mail a big print of why you should vote no on az-201.

all they did was twist the words around, and not clearly explain how things are now.

as exampl, it says:
Now: allows parties to use less costly mediation and dispute resolution to resolve complaints and avoid pying lawyers.

WHAT!!?? thats a bunch of poop. how it is now is the HB's write into their contract the use of binding arbitration (no choice, you must agree or the HB will cancel your contract). the HB chooses good/pricely lawyers, and if you lose the home buyer has to pay for those lawyers. the odds are against you going into the battle. simply not fair.

so dont believe the "say no" propaganda poop coming into your mailbox.

September 16, 2008:
The opposition to proposition 201 has found its angle. They’re calling themselves “Arizonans against lawsuit abuse," acknowledging the fact that the measure would let homeowners sue without fear of having to pay a builder’s legal fees if they lose

Home_Kid · 10-09-2008, 09:49 PM

bump. this is a important issue for new home buyers.

altus2006 · 10-10-2008, 09:48 AM

It is an important issue and a person interested in buying a new home should wait until after the elections to see if it passes. Current new buyers are thrown to the sharks as soon as they sign on the dotted line with only a worthless 1 year warranty by most builderes.

There are some horror stories on this forum about buyers getting into poorly constructed homes and who are unable to get the builders to fix the property. To date, there is little regulation which holds the builders feet to the fire to help out customers who buy shoddy houses.

altus2006

Home_Kid · 10-10-2008, 09:53 AM

Quote:

Originally Posted by altus2006

It is an important issue and a person interested in buying a new home should wait until after the elections to see if it passes. Current new buyers are thrown to the sharks as soon as they sign on the dotted line with only a worthless 1 year warranty by most builderes.

There are some horror stories on this forum about buyers getting into poorly constructed homes and who are unable to get the builders to fix the property. To date, there is little regulation which holds the builders feet to the fire to help out customers who buy shoddy houses.

altus2006

what altus2006 is right on. new buyers should wait until elections are over before signing any contract with any HB. new home buyers deserve these rights that AZ-201 offers.

and yes, hb market needs a bunch more regulation, from the fed side as well as state & local !! the hb market has been a free-for-all up until now, all at the expense of home buyer and tax payers. it's not right to stick-it to the tax payer who had nothing to do with the home in question, let alone stick-it to the home buyer. this free-for-all market for hb's has to end, and it will end on Nov 4th when we all vote YES to AZ-201 ....

resposnible building will attract responsible home buyers which will bring lower risk lending, which in the end will foster a more secure housing market for the future. funny how all the talk lately is about how the sub-prime scum was allowing mortgages in the names of folks who really didnt qualify for such loan, but i think this housing problem is gonna get worse when the lenders who bought up all this bad debt starts to realize that the homes they have interest in are homes of crap quality and were way over valued when they were sold. it's a compounding problem (shotty hb homes + bad lending = disaster).

Home_Kid · 10-10-2008, 08:00 PM

bump again. this is a major win for new home buyers if this prop passes on Nov 4th. Vote YES for AZ-201 this Nov 4th !!!

TurboD · 10-12-2008, 05:02 PM

I am voting no to 201. This hints of unionism. Any attempt to lessen our right to work State frightens me. Look what the unions did to the auto industry. If you are building a new home, hire your own inspector. This cost would not approach the increased cost of a new home due to union wages and benefits. I come from a union family and union workers do not guarantee better products. Again, look at the American auto industry.

altus2006 · 10-12-2008, 06:19 PM

The main reason I would vote for this prop is to get a better home warranty forced on the builders. Now they know if a person finds no faults with their home after a year, they are no longer responsible for the defects. There are a lot of people who have been stung with this policy as their cracked walls and foundations do not show up for two or three years and they have no recourse such as suing the builder due to the arbitration clause buyers must sign in their new home contract.

I did find out that FHA allows buyers to sue home builders if shoddy work or problems emerge with the house even if the buyers we forced to sign the arbitration clause. So, to be on the safer side, get an FHA new home loan rather than a Conventional loan.

Also, I am not a union pushing person, but it seems like the only way to keep builders from using cheap, unskilled day laborers that are clueless about quality construction. Anything to help home buyers get a better product is fine with me.

As with the car industry, people will buy a better made product and let the junk car (or home builder) makers suffer.

One thing about the cost of housing is that it jumped up for no reason except that the overall market spiked and they followed with price hikes, not due to higher (50-100%) costs of goods ands wages during the last 5 years.

It is next to impossible to find info about the good and bad builders and many buyers got pummeled because they gave money to crooked builders who built a crummy house.

altus2006

Home_Kid · 10-12-2008, 06:25 PM

Quote:

Originally Posted by altus2006

The main reason I would vote for this prop is to get a better home warranty forced on the builders. Now they know if a person finds no faults with their home after a year, they are no longer responsible for the defects. There are a lot of people who have been stung with this policy as their cracked walls and foundations do not show up for two or three years and they have no recourse such as suing the builder due to the arbitration clause buyers must sign in their new home contract.

altus2006

now you know why those JD Power & Associates surveys are a bunch of bull, and the HB's use them to make you (the new home buyer) believe their home is better than others. 1yr means squat in terms of home quality. try doing the survey after 5-10 yrs to get a accurate account of home quality.

Pulte still uses that bullshiat JD power crap on new home buyers.

its time to put an end to HB taking advantage of unsuspecting new home buyers !!! VOTE YES FOR AZ-201.

Home_Kid · 10-18-2008, 01:26 AM

bump.
this is a big one this election year.... vote YES fo AZ-201