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03-09-2007, 11:19 PM
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Senior Member
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Join Date: Jan 2007
Location: Dunnellon, Florida
126 posts, read 111,640 times
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Sink HOle
Be very careful about buying property in Spring Hill Fl. [i] am the fifth house in my area to find I have 5 sink holes ranging from 15 to 55 feet deep! If you are crazy enough to buy here make sure you have a soil test done and have report in hand!
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03-10-2007, 10:25 AM
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Moderator
Status:
"Summer is Here!"
(set 16 days ago)
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Join Date: Mar 2006
Location: So. Dak.
11,588 posts, read 6,753,421 times
Reputation: 9104
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Thank you for the info.  It seems that sink holes are pretty well known for that area because I've even seen it on the national news at times and it's nice to hear first hand info. You also answered something I've been wondering about and that is how deep they actually get. Wow, 55 feet is pretty deep. 
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12-03-2007, 08:34 AM
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Junior Member
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Join Date: Dec 2007
1 posts, read 1,076 times
Reputation: 10
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Sink HOle
A sink Hole can be a good thing. I know a lady, that bought a house, put 6k down to cover her closing costs, lived in it for a couple mos, and some tiles cracked out on back porch, insurance company sent someone out, they found a sink hole, paid off her 200k mortgage, then she sold to sinkhole rehab company for approx 125k and walked away with 119k profit. She opened a Deli, which had always been a dream of hers, put a huge lump down on another home, which made her payments even smaller than before, and she has nice nest egg in bank, & a thriving Business. All thanks to her sinkhole. So while, i am sure it was a hassle to her having to move again, it certainly was not a bad thing. She is in her 50's, and more financially secure & happier than I have ever seen her. I certainly would not let sinkholes in Spring Hill deter me from buying, in fact I own several homes in Hernando County, and after seeing her, I sometimes wish I would get one... 
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12-03-2007, 09:01 AM
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Senior Member
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Join Date: Nov 2007
908 posts, read 593,679 times
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Quote:
Originally Posted by YourSolarAngel
A sink Hole can be a good thing. I know a lady, that bought a house, put 6k down to cover her closing costs, lived in it for a couple mos, and some tiles cracked out on back porch, insurance company sent someone out, they found a sink hole, paid off her 200k mortgage, then she sold to sinkhole rehab company for approx 125k and walked away with 119k profit. She opened a Deli, which had always been a dream of hers, put a huge lump down on another home, which made her payments even smaller than before, and she has nice nest egg in bank, & a thriving Business. All thanks to her sinkhole. So while, i am sure it was a hassle to her having to move again, it certainly was not a bad thing. She is in her 50's, and more financially secure & happier than I have ever seen her. I certainly would not let sinkholes in Spring Hill deter me from buying, in fact I own several homes in Hernando County, and after seeing her, I sometimes wish I would get one... 
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Cool story! I think she is one of the lucky ones. Yes, Pasco County and above are well known for this problem. They say it's due to the overabundance of homes put into the area. The limestone is very shifty, and houses were going up too fast for proper inspection of the land. Sorry to hear about your issue OP.
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12-03-2007, 10:33 AM
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Senior Member
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Join Date: Oct 2006
1,753 posts, read 1,810,889 times
Reputation: 604
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Yeah but if your buying a house with sinkhole history and the insurance company knows it, good luck trying to find someone to insure it again. Sink holes were really bad a few years ago so we all started changing the name from Springhill to Sinkhill. My inlaws and several of my friends live. I haven't heard of any holes opening up so far this year and we've been pretty dry.
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