Contractor needs to basically not only "chipped away insufficient footing", they need to remove non-structural elements and build the whole thing up, and provide shoring and support structure so it doesn't collapsed. 

I think a lot of people are going to scream chicken little as the market returning to normal (and probably going worse than normal for a short while) will feel like a complete collapse, especially with 2008 in the back of people's minds.

Things getting slightly closer to long-term normal is not a collapse.

During the housing collapse, I was paying 4-5 pts and 13-15% lol.

Because SF is expensive relative to city U in state Z, it’s ripe for a collapse.

I saw the market crash coming in 2008 but I had no idea how bad the domino effects would be from the collapse of the sub prime lending market.

I guess you could get a judgment if needed to enforce the clause, but what good will that do you in the event of collapse?

I hope it's not something structural or that in the worst case the wall collapses.

This quote://Begin QuoteMany Republicans accuse the companies of having fostered the shoddy underwriting practices that led to the financial collapse.

In 2007 or so, when the nation faced another real estate collapse, I decided to jump in and buy.