I own a condo in south florida and was wondering if anybody here has run into the same possible financial disaster. My unit is rented as I live in NYC. I have two perfect tenants and from what they tell me I'm a pretty good landlord. Recently South Florida has been in the news because of the discovery of what is known as Chinese Sheetrock in a majority of all the newly built real estate, since 2001. Seems there was a shortage of sheetrock and because of the housing 'boom' builders needed additional sources for sheetrock. This sheetrock is manufactured by the German company Knauf and emits levels of sulfur into the dwelling that corrodes wiring, fixtures, copper tubing from air handler's, etc etc. It was purchase by companies in China and allowed in the U.S. to help with the shortgage. This can affect anything mechanical in the house as well, ie microwaves, ceiling fans etc. That's the least of the problems. Turns out, people have been complaining of watery eyes, headaches, waking up with bloody noses and some other symptoms. So my perfect tenants took some pics, spoke with other residents and it turns out my place, which was really awesome up to the point of hearing this news, was built with this shit. Lawsuits are already pending, owners suing the builder, tenants suing the landlords and around and around it goes. I paid 267k for this place, owe a little over 200k and the mortgage is about 2k a month. Without my tenants rent, I have no way of paying the mortgage and there is no way in hell I can rent this place nor would I want to. Anybody here from South Florida up on any of the legalities of this? What are my rights, my tenants rights? Every phone call I make, I get the run around and no calls back. My credit is going to be trashed. And it will be next to impossible to get a decent mortgage in the future with all the 30day lates and possible foreclosure on my credit report. I know, I used to be in the mortgage business. This sucks, this sucks, this sucks. Can anybody provide any help or insight?