Greetings!
The defective Kitec plumbing issue still exists with many homes in the Las Vegas Valley. In the past two weeks we know of three different agents who encountered Kitec plumbing in the homes they were selling. In all three instances they were able to turn a potential deal killer into a very positive situation. In all three instances the agents were able to resolve the Kitec issue prior to closing and present their buyers with a home that contained a new plumbing system that carried a 25 year warranty. All three agents were heroes in the eyes of their buyers and will be able to count on many referrals in the future.
Course of Action for Addressing Kitec The course of action for addressing the Kitec issue has changed. The law firm representing the Plaintiff's in the Clark County Class action suit, Kemp, Jones, and Coulthard, no longer provides information to anyone other than the homeowner. When the property in question is an REO property this presents a real challenge. Pragmatically speaking, the attorney's have made their money and they have nothing to gain from assisting real estate agents. So don't expect any support, guidance, or direction from them.
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