Sellers are facing life changing decisions as they navigate the crumbling basement epidemic plaguing their homes and their neighbors. Many homeowners with homes just 10-15 years old are testing positive for pyrrhotite via a core test or a visual inspection and are undecided about what to do next. Some owners can stay and hope for more [...]
There are 75 families to date back in their homes after their foundations were replaced thanks to CFSIC.
The remodeled Grange Hall on Storrs Road in Mansfield Center, which looks spectacular and will make Mansfield Center a destination location hopefully resulting in more growth and beautification. [...]
The annual report and audit report for Connecticut Foundations Solutions Idemnity Company (CFSIC) was published recently on the CFSIC website and it is chock full of information and some great infographics that convey the information in a concise and easy to read format. Here are some takeaways:
40 Number of Northeast CT towns affected
This is a Cliff Notes version of concrete news. I encourage everyone to read up on this subject as it will eventually affect all homeowners in at least central and eastern CT and MA. The best sources are [...]
Sellers ask us what they can expect to get for their home if they sell it with a crumbling basement. One that is obvious to the naked eye or one that has been confirmed to have the presence of pyrrhotite but is showing no signs of deterioration. What if, as the seller, you want to avoid the application process, the out of pocket expense, the stress, and the waiting that comes with a CFSIC claim?
Tolland needs to replace the crumbling foundation at the Birch Grove Elementary School sooner rather than later and hope to start construction in 2020. The section built in 1999 is showing much more deterioration than the section built in 2003 so they hope to complete the repair in two phases, using temporary or portable classrooms during [...]
Testimony was accepted in the public hearing held February 7th on bills proposed to aid victims of crumbling foundations. Two of the bills involve the protection of homeowners with crumbling basements who are at risk of having their credit negatively impacted via a deficiency judgment under many scenarios. There was no surprise in who [...]
The Connecticut Foundation Solutions Indemnity Company (CFSIC) has announced a new launch date of January 10, 2019 for claim applications for Type 1 and Type 2 repairs. After a robust comment period there were changes made to the original underwriting and claims management [...]
This post is not supported by knowledge of an engineering report confirming the existence of a failing foundation nor a disclosure in the MLS stating such, but by a visual inspection of the property, precipitous price drops, foreclosure, and a reduction of almost $50,000 in assessed value by the town. This contemporary cape is a 3 bedroom, [...]