“Bay Area Homeowners Left Stranded by ADU Builder’s Collapse Amid Inadequate State Bond Protections”[embed]https://www.youtube.com/watch?v=VmHOtdF9d7E[/embed]
San Francisco, CA — Homeowners in the Bay Area who lost large sums of money to a contractor building accessory dwelling units (ADUs) have discovered the inadequacy of California’s financial safeguards meant to protect consumers. Numerous families shared that they had prepaid Anchored Tiny Homes, a local contractor, for ADUs that were not completed. Collectively, these families claim they have lost over $5 million. The situation has revealed a significant gap between the perceived and actual protection the state-required contractor’s bond provides. In California, all contractors must secure a bond meant to offer financial recourse … Read more