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Andrew Duncan, Tampa Bay's #1 Realtor and expert talks to Richard Vazquez from Artisan Insurance on The Duncan Duo Show as he gives an update on Home Owner's Insurance news. They touched on a recent criminal case where a local couple was facing 20 years in jail for lying about sinkhole damage and not properly disclosing when selling a home. The couple had a full fledged sinkhole claim complete with investigations. The couple had been paid over $150,000 in a settlement and then they turned around and sold the house as if it was a typical standard house in the neighborhood that's undamaged. The lady who bought it can't live in it now but still faced with the mortgage she now owns the house but can't live in it because she's afraid to put her family in the house because it could go into the ground at any time.
The lack of documented disclosure is something that haunts them all the time in the Real Estate business. Andrew loves the fact they're pulling out the possibility of possibility of criminal charges for people who cheat the system like that.
To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sundays at 10 am.