Englewood, CO asked in Consumer Law, Small Claims and Real Estate Law for Colorado

Q: I recently closed on a condo, which I financed with a CHFA loan. A few days ago an electrician came over and informed

me that I have a Federal Pacific circuit breaker panel with Stab-Lok circuit breakers, which are faulty and a fire hazard. FP was the subject of a class action lawsuit in NJ I discovered and are considered faulty. The electrician also informed me no homeowners insurance policy would cover damage resulting from a fire the panel may cause. He then quoted me $2800 to replace it. Neither my agent nor my inspector told me about this.Do I have any recourse? Thanks

1 Lawyer Answer
Tristan Kenyon Schultz
Tristan Kenyon Schultz
Answered
  • Fort Collins, CO
  • Licensed in Colorado

A: You may, but you will need to contact a lawyer directly to see for certain. Only a lawyer (on a private basis) can evaluate the merits of your case and provide guidance.

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