Beacon Woos sinkholes and settlement issues and not disclosing these things while selling (Hudson: real estate, insurance)

[bentlebee]

There are some nice homes in that comunity but unfortunately there are many sinkhole issues over there and values have been gone down.

There are some investors that have been buying these sinkhole homes and are not disclosing it on the listing and just stating they haven't lived there and no knowledge about the history of the house but on prior listings it was mentioned so please be aware before buying in areas like that.

[The Villages Guy]

Originally Posted by bentlebee

There are some nice homes in that comunity but unfortunately there are many sinkhole issues over there and values have been gone down.

There are some investors that have been buying these sinkhole homes and are not disclosing it on the listing and just stating they haven't lived there and no knowledge about the history of the house but on prior listings it was mentioned so please be aware before buying in areas like that.

Where is this located?

[bentlebee]

Originally Posted by PriusH8r

Where is this located?

Hudson

[EngGirl]

bentlebee
Thanks for posting this!

And I recommend for everyone who consider buying a house to check county's permits issued at that house location or nearby.

That's how I learned the house I really liked had some issues and bank (it was REO property) as well as my realtor and listing realtor "had no clue"... And when I told them about sinkhole they were mad at me for bringing this up and basically didn't want to hear about that.

Similar thing is happening with one of fannie mae houses in WC. It's on the market for few months now and has chinese drywalls, but listing agent and bank acting like "why nobody want's to buy our perfect house? there is nothing wrong with it"...

Oh, by the way, County Walk in WC also has bunch of houses with chinese drywalls!

[bentlebee]

Originally Posted by EngGirl

bentlebee
Thanks for posting this!

And I recommend for everyone who consider buying a house to check county's permits issued at that house location or nearby.

That's how I learned the house I really liked had some issues and bank (it was REO property) as well as my realtor and listing realtor "had no clue"... And when I told them about sinkhole they were mad at me for bringing this up and basically didn't want to hear about that.

Similar thing is happening with one of fannie mae houses in WC. It's on the market for few months now and has chinese drywalls, but listing agent and bank acting like "why nobody want's to buy our perfect house? there is nothing wrong with it"...

Oh, by the way, County Walk in WC also has bunch of houses with chinese drywalls!

Didn't know that about Country Walk. You can also access the public records and it will tell you some history nd if a claim was filed for sinkhole and asco County has a special code for sinkhole homes but i'm not disclosing that because that is our advantage and why it is good for people to hire a realtor who has the knowledge.

[Native2UT]

Originally Posted by bentlebee

Didn't know that about Country Walk. You can also access the public records and it will tell you some history nd if a claim was filed for sinkhole and asco County has a special code for sinkhole homes but i'm not disclosing that because that is our advantage and why it is good for people to hire a realtor who has the knowledge.

I've also been told a buyers insurance agent can tell if permits have been submitted for sink hole repairs and/or surveys.

[EngGirl]

All claimes could be accessed through county permits database.
Here is a link for Pasco county:
Quick Search
It has public access. You can search by address or using street name only or parcel number. Each engineering company working on sinkhole evoluation must get the permit. In Pasco county permits like "POTENT.GROUND SET" are actually possible sinkhole evaluations. And something like "GRND SETTLE REPAI" indicates it was fixed.
Not all "POTENT.GROUND SET" are actually a sinkhole related issues. Many people tried to abuse the insurance and claimed sinkholes even if they had nothing. It's in the past now since insurance companies revised the term of sinkhole.

Very sad that none of my realtors knew about all these therefor never checked homes using this system. As I said, some realtors prefer to know nothing about all these issues since they don't have to disclose this info to potential buyers. What a shame profession. I am sorry for my French.

P.S. According to PMs I am receiving, I am not alone

[bentlebee]

I agree that there is still a lot wrong with the profession and that is partly of why I stepped up to the plate and we took over a real estate company and got my licnse so intead of accusing I could be part of the solution.

Some realtors will be in for a suprise when new buyers in the future will sue them for withholding info that they "should" have known because claiming that "I didn't know and/or the seller nver told me" is not holdingup in court for a licensed person.

When the lawsuits pop up sellers will blame others and that will be the realtor and both are on the hook for with holding information.

On many listings you can see that "seller never lived at the property" but jus go to he appraisers website and if homestead was ever claimed by seller than they have to disclose and fill out the property disclosure.

We are now dealing with a sellers agent who will not have her clients sign or fill out the property disclosure and our agent has put on the property disclosures and kept the email with the denial from the seller and the agent not cooperating so we have that for future issues in our file.

Of course we told the buyer it maybe better to look at a different property but the buyer really likes this property and we did some research but for anything that comes up later after closing that a realistic person should know who owned the house it can become a legal issue.

For example on the property disclosures the seller has to fill out the termite inspection if ever performed. The seller doesn't want to fill out and sign these papers but cae up with a bill for termite inspection so the seller is aware about termites and inspection and if they are present or not...even an investor that paid that kind o bill is aware of somethings with the property...so lets wait until a lawsuit happens and if sellers and agents (don't just blame the realtor, because sellers are jus as bad in cases like this) will have their time in court to explain themselves, that can be interesting.

[EngGirl]

You brought very interesting point. Nobody knows what lawsuit could get you to, but it might be a very long and expensive process. I would rather change the law somehow to make everyone fill out seller's disclosure forms and be responsible for whatever they are claiming or hiding.

As for the sinkholes.... I quickly searched evey other community in Wesley Chapel and many of them had sinkhole claims ... like New River, Seven Oaks... you name it.

[bentlebee]

I only noticed now that there is a typo in my subject line it should be BEACON WOODS.