“I am really disappointed and quite frankly a little angry. My husband and I went to go look at 27 Snipsic Lake Road in Ellington, CT. We were going to make an offer, but thankfully my husband did some digging and found out the house has a foundation issue. I think it is sneaky and probably illegal not to disclose that information to

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As a local real estate company in Mansfield we are experiencing increasing contact with homeowners new to the pending claimant status at Connecticut Foundation Solutions Idemnity Company (CFSIC).   Confusion abounds about the meaning of this status and the implications for sellers and buyers. 

Although CFSIC has been very clear about what a pending claimant is and is not, it seems people are either not reading or failing to grasp the concise and plentiful information that flows [...]

We are looking for a good realtor to sell our home. Would prefer your best agent. Home is very well maintained, we've been prepping for sale for a while. Our foundation is perfect (with engineers report) but we do have a low percentage of pyrrhotite in the core samples. The Realtor we have been planning to use told me today we'd have to

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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 [...]

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

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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.  [...]

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, [...]