We administer your or a competitor’s warranty on closed homes for a fee, until the warranty period expires. You can eliminate the warranty department immediately, retaining control of warranty decisions and costs.
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 upon you emerging from bankruptcy. Should you emerge from bankruptcy prior to the anniversary date, or secure a buyer for the company, we will renegotiate the agreement.
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. This plan may allow you to recover a portion of warranty reserves immediately.