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Joseph H. Saunders
Joseph H. Saunders
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Chinese Drywall Homeowners Receive Property Value Reduction in Lee County

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Homes that have been affected by the Chinese Drywall debacle in Lee County will receive a 50% reduction in their market value according to Ken Wilkinson, Lee County property appraiser. According to a story in the News-Press, 1,086 homeowners in Lee County were sent letters informing them of the reduction in market value due to the Chinese Drywall problem.

The residents that receive the market value reduction have had to meet the criteria established by Florida’s Department of Health.