Orange County NC Website
Browse       Search
8 <br /> I <br /> A 1.,AUTTRts'LIARATTY PAR.TISTatStiTP <br /> ATTCOOTATS AT I.,*Aw <br /> THE EXCHANGE,AT MEADOWMONT <br /> 1414 RALEIGH AI <br /> JOHN A.NORTHE.N SUITE 435 <br /> J,WILLIAM EsLuE,JR MAILING ADDRESS: <br /> DAVID M.ROOKS CRAP.EL ItaL,NORTH CAROLTN*117517. P.G.BOX.2,208 <br /> cHARLES H,THIElAur CHAPEL HILL,NC 2751S-2205 <br /> CAROL J. HOLCOMS <br /> VICKI,L.PARROT-7 TeLEPHONE C910)05-4441 <br /> C.WEAH7M4rO/IO TEL Cp19)6,42.66o <br /> sTePHANis ( 13•001,1 -FRopP3A -rd*AluiriOnbrirt».com <br /> SAMANTHA HYATT CABE FehrParY 111013 <br /> Mr.Itobert Dowling <br /> Community Home Trust: <br /> PA Box 307 <br /> Carrhoro,,,Ne -27510 <br /> Re: areofirtilgeHVAC Claims <br /> Dear RObert:. <br /> You asked me to look iritnpotential remedies Community Home Trust("CHT") <br /> might have for the failing or potentially failing FIVAC systems,setvhig.individual CHT <br /> units in Greenbridge. <br /> The first purchaser of any new.reSiclenee may ionic to the seller on warranty <br /> claims for up to six years atter the purchase depending on whether:the warranty was <br /> express or implied and eqtess;for hew long Greettbridge-Developments;Ixc <br /> included an express warranty in its contract with CHI running for up to six years that the <br /> units had been constructed in"a good and workmanlike manner according to sound <br /> engineering and construction standards,free from detective materials,So as to meet the <br /> standard of workmanlike quality prevailing in Orange County,North Carolina" This <br /> obligation runs solely between Oreenbridge D.OVelOpmentS and.CHT. SMA,GreetibridgP <br /> Owner,LLC,the foreclosure sale purchaser of the unsold units in the development,has <br /> no obligation to honor the Oreenbridge Developments'warranty obligations to CHT or <br /> any of the other purehasers. <br /> CHT'S valid warranty Clain against Greenbridge Developments has value only to <br /> the extent Greenbridge Developments has assets left. Greenbridge Development has not <br /> filed bankruptcy in either the Middle or Eastern Districts of North Carolina but it has <br /> filed artieles.of dissolution with the Secretary of State.I do not find where.Greenbridge <br /> Development owns any real estate in Orange County after the foreclosure and I could not <br /> find any record that it owned non-real estate assets. This would he consistent with the <br /> practice in the real estate developmenttominunity of forming single purpose entities to <br /> own and develop specific projects. <br />