Those of you who have been building for a while will remember the Home Owners Warranty Insurance Corporation (“HOWIC”) and simply “HOW” as most of us know it. Due to a change in Virginia law, HOWIC went into involuntary receivership more than twenty years ago. Unless you were a defendant in one of the many lawsuits, you likely stopped paying attention to HOW many years ago. For most of you that still makes perfect sense.
However, if you were a HOW builder with previously approved claims for capital contributions, you may be able to get some of your money. Although you may have written it off long ago, if you fall into the “eligible builder” class, you can make a claim and potentially receive some money back. In fact, you may need to do as little as confirm your identity and current address. If you are in doubt, check it out. Otherwise, you may be leaving money on the table.
If you think you may qualify, please check out the information here and/or here.
You may need your NAHB login information in order to access the information. Please act quickly - the deadline is April 15, 2016.