http://www.oregonlive.com/search/index.ssf?/base/news/1119348240315010.xml?oregonian?lcg&coll=7No one had to tell Kathleen Keryan that moisture problems have been eating away at newer homes and condos. Keryan and the 10 other owners of St. Andrews Condominiums in Southwest Portland know firsthand.
Their condos, just 3 years old, need an estimated $1 million in repairs.
"It's more than money," Keryan said. "It's the pain and the anguish and the disappointment you have knowing that something you bought in good faith is defective."
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Lawsuits and damages are costing homeowners, insurers and builders hundreds of millions of dollars in Oregon and billions nationwide, The Oregonian found. Developers and builders, who've seen big increases in the liability insurance policies they are required by law to carry, want to limit homeowners' rights to sue for repairs.