Quote:
Originally Posted by CSwofford147@comcast.net
When you are purchasing property from the Villages in the Villages as a out of state buyer. Everyone involved in the realty transaction except the out of state buyer is well aware of the fact that the location of the property being purchased determines whether Sinkhole insurance can be purchased. The address is put into a insurance data base and a Sinkhole Index score is given to the property based on its proximity to ground subsidence activity. There are very few property's to my knowledge in the Villages that receive a passing score. The denial of insurance based on the location is known fact. It would seem that given the financial exposure involved that the buyer will have, it would be not only extremely important fact but a material fact that should be disclosed to the buyer so that the buyer could make informed decision based on the facts to purchase real property. This information was not provide to me in my purchase of real property in the Villages. I would very much like to hear other people in the Villages experiences concerning disclosure of information as to the insurability of there property and there comments as to whether it was disclosed to them if there property was uninsurable based on its location.
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