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:: Tuesday, October 26, 2004 ::
Know your building laws By NOREEN SEEBACHER, The Journal News.com, NY
By law, homebuilders in New York State are supposed to construct homes that are safe, sound and free of material defects. However, the 1989 statute excludes coverage for some condominium and co-op apartments, may not apply to homes that builders are hired to erect on land the homebuyer already owns, and gives builders the option of modifying or excluding provisions of the law.
The law has its flaws, Schulman, and Manhattan real estate attorney Adam Leitman Bailey, concur. The irony is that the legislation was supposed to bring greater peace of mind to buyers.------------------------------------------- posted 6:42 AM :: reference link ::
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