Reserve Fund Plan for Volume Builders
Going Through Reorganization
We assign a slightly higher warranty rate with the intention of returning a portion (less any claims-related expenses) to you on a pre-agreed schedule or at the completion of reorganization. Should you complete your reorganization prior to the anniversary date, or secure a buyer for the company, we will renegotiate
Warranty Liability Transfer Plan
We assume responsibility for the warranty obligations for your completed and closed homes for workmanship, materials and systems warranty as well as the obligation remaining on structural warranty coverage. We will fulfill the obligations as outlined in the warranty document you provided the homeowner. This plan may allow you to recover a portion of warranty reserves immediately.