Tax Issues

Crumbling Concrete Catch Up: Tolland School Foundation Failing And A Plethora of Proposed Bills

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 [...]

When Size Matters. Your Credit Score and How To Improve It

Your credit score can range between 200 and 850.  The higher number here the better.  If you want to apply for a mortgage you should shoot for 620 or above.  You could pay up to 1% more for a lower [...]

Crumbling Credit Scores: Proposed Bills Seek to Alleviate Credit Hit to Underwater Homeowners

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 [...]

Concrete Heat: CFSIC Launch Date, Recent Court Cases, Amended Real Estate Disclosures, Traveler's Insurance Steps Up

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 [...]

Crumbling Basement Captive Insurance Launch Delayed Due to Volume of Public Comments

The launch date of the CT Foundation Solutions Idemnity Corporation Inc (CFSIC) website will not occur as expected on November 15.   According to the update the postponement is expected to be about thirty days and the new launch date will be announced on the CFSIC website.  [...]

Free Fallin: Sale price crumbles for Ashford CT home under weight of faulty concrete

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, [...]

Real Estate Tug of War: What Happens When Not All the Heirs Want to Sell

Over the years I have had calls regarding selling a property that is owned by more than one heir which can present a problem when the heirs don't agree on the sale or are not all interested in selling the inherited property.  I had another call recently where one of three heirs remains a hold out and they have not been successful in their [...]