The Real Deal Miami

Congress pushes lenders to help drywall victims

December 04, 2009 03:01PM

A non-binding resolution passed this week by Congress urged mortgage lenders to work with homeowners whose properties are affected by noxious smelling tainted Chinese-made drywall panels. While it carries no legal weight, it’s a step in recognizing the problems cause to tens of thousands of home owners in about 26 states, though the preponderance of victims are in Florida and Louisiana. U.S. Rep. Robert Wexler, D-Boca Raton, said the resolution should help move an apparent impasse between lenders that are still collecting on loans for properties that most owners have found uninhabitable. Many Floridians have moved out of their contaminated properties and now carry additional housing costs for their emergency rentals. The measure passed Congress by a vote of 419-1. [Sun Sentinel]