Is it possible for a group of homeowners to file a class action suit against the owner of an apartment building for causing devaluation of their homes?

Is it possible for a group of homeowners to file a class action suit against the owner of an apartment building for causing devaluation of their homes?

In our neighborhood there are 11 apartment buildings that are interspersed among historic homes. These buildings are all occupied by low-income, 100% government subsidized residents and they are poorly maintained and have a high crime rate. A very high percentage of all crime in our neighborhood is due to the residents of these buildings and their presence in our historic neighborhood is the main reason for the decline in the value of everyone’s homes. The owner of the buildings does minimal maintenance and these buildings are an eyesore and a nuisance.

Asked on March 12, 2012 under Real Estate Law, Missouri

Answers:

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