It would be interesting to find out if a buyer could get sinkhole insurance on this house which already had some sinkhole activity. It sounds like a really good deal. Maybe that's why nobody is buying it. People are afraid they'll see their entire investment sink into the ground.

Our friends looked at that new home, and were VERY interested....until their agent Tony Trussler disclosed that it had a repaired sinkhole, and insurance would likely be expensive. There was another seemingly good buy new home which also had a repaired sinkhole. I think that these homes are probably less likely to have a problem than any other in the area, but still hard to pull the trigger on a purchase of a home with proven sinkhole problems.

We live right next door to this home ..It was a little scarrrrry for several hours . ---Speaking to the engineers working on the repair --they tell us that this home will never have to worry about sinkhole again --it will be secure

They have already poured over 1000 yards of cement around the home ..

we also feel blessed we didnt buy that lot !!!!!

Sink Hole
 

Feed the sink hole more Corvettes.

I think that sounds good, but what I don't understand is how the concrete they poured and the foundation they have supported will help the house if a sinkhole occurs in the rear of the property. Did they secure the home all the way around or just the area where the sink hole is?

So what happens if the house is 100% unharmed, windows not broken and it rests at the bottom of a 70 foot deep hole with a 1000 yard cement cylinder lying beside it on its side like an empty beer can?

1000 cubic yards of light weight concrete delivered, pumped and placed:

$200/CY +/-

Chuck
retired concrete estimator

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According to The Villages on-line news, Helicon Property Restoration President Jay Silver said 400 cubic yards of grout were used to fill the 60 feet deep by 60 feet wide sinkhole at a cost of between $200,000 and $300,000. The total bill will be paid 100% by the homeowner's property insurance.

Read the article on-line on their website.

OMG - soon this will be worse than hurricane insurance!!!

With so many new and pre owned homes in the villages why would you choose one that had sink hole repair. My thoughts were that the ground under it was probably more stable after the repair, but if you had to sell the home it might be difficult. I don't want to gamble with 300k.

I hear you. We live in New Jersey - home of the New YORK Giants & New YORK Jets.

Well, there you go! I didn't know that. I guess Arlington is not discriminated against. As the say, if it's on the internet , it must be true. Bonjour!

Joking aside, I don't think the news about the Villages has ever been deliberately suppressed..we just sometimes don't get all of the facts. Next time I watch the Jets or Giants I will tell everyone they are really in New Jersey.

If the home is sold, it will most likely be uninsurable with any normal Florida insurance carrier. Which means the insurer of last resort..Citizens Property Insurance of Florida run by the state, which is like buying car insurance after you've been convicted of a DWI. It's E-X-P-E-N-S-I-V-E!!

When we first looked at homes down here our agent at Villages Insurance told us to have her check each home we wanted BEFORE we got really interested because if a home EVER had any sort of sink hole claim, normal insurers won't touch it.

Sounds like a good place for a new small neighborhood watermelon patch.

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Maybe a reverse mortgage would be a good idea.;)