On Jan. 14, a meeting will take place from 10 a.m. to 2 p.m.  at the Foley Public Library regarding chinese drywall. Below is a submitted press release regarding the subject matter.

Chinese Drywall Recovery USA, LLC (CDR USA) is hosting a series of community meetings

which are open to the public from January 11th to the 16th in Florida, Alabama, Mississippi, and Louisiana to discuss

helping homeowners negotiate a suspension of mortgage payments and a permanent principal reduction of their mortgage

balance – so they will no longer be underwater on their loan.

Your help in increasing awareness about toxic Chinese drywall and our community meetings is much appreciated. A

detailed schedule, including dates, times, and locations, is available on our website www.chinesedrywallrecoveryusa.com.

Toxic Chinese drywall has been confirmed in several thousand homes to date, and more affected homes are being

identified as awareness of the problem grows.

Post-Katrina, in 2006 alone, 500 million pounds of Chinese drywall was imported to the United States. National Public

Radio and Fox News have reported that 100,000 or more homes may have been built with toxic Chinese drywall. The risk

management consulting firm, Towers Watson, estimates that total damages could reach $25 billion.

In the past week, homeowners we have spoken to have complained of:

• Health problems such as asthma and allergies created or made worse by the sulfur off-gassing in their homes;

• Medical doctors demanding that expectant mothers vacate their homes immediately because of the harmful effects

of toxic Chinese drywall;

• Unbearable sulfurous “rotten egg” odor;

• Failed appliances caused by sulfur corrosion, from refrigerators to microwaves to computers;

• HVAC system failures which have had to be replaced as often as twice in one year;

• The financial and emotional stress of relocating from the affected home; and

• Inability of Chinese drywall victims to pay rent and mortgage payments on two homes simultaneously.

On top of serious health problems and concerns, most homeowners cannot afford the $100,000 or more to gut their homes

of toxic Chinese drywall and rebuild. Funds from litigation are likely years away, and at the same time homeowners

cannot satisfy their banks demands.

To date, some lenders have offered temporary forbearance, but none have offered a permanent solution. While the Federal

Government has committed billions of dollars to helping financially troubled mortgagors, to our knowledge, no such

program has been set up for the victims of toxic Chinese drywall.

CDR USA is a family business with over 20 homes in Louisiana and Alabama that have been destroyed by Chinese

drywall. In early 2009, we learned that our homes had Chinese drywall and we became plaintiffs in Multi District

Litigation No. 2047, Chinese-Manufactured Drywall Liability Litigation, in the Eastern District of Louisiana. On June 18,

2010, we became one of the first plaintiffs to settle a Chinese drywall claim: John Campbell v. Knauf Plasterboard

(Tianjin) Co. Ltd. CDR USA has learned a lot from this experience.

Moreover, our 25 years of working in the mortgage and banking fields, and managing and investing in real estate, has

been critical to our successful negotiations with the lenders who hold the mortgages on our Chinese drywall infested

homes. Our goal is to help homeowners with a permanent solution to address your Chinese drywall disaster.