Friday, June 24, 2011

Real-Estate Disclosure: What You Don't Know Can Hurt You

Real-Estate Disclosure: What You Don't Know Can Hurt You

When a bulldozer began to to clear away dirt for an in-ground pool in Brian Dyer's back yard, the Lakeland, Fla., homeowner got the surprise of his life: mountains of trash emerged from the hole. "It's just a sick feeling in the pit of your stomach to see what they're bringing up with each scoop," he told Tampa Bay's 10News.

Dyer said that contractors tried to dig into three different areas in the backyard and each time, came up with more trash. "We found several tires, what appears to be washing machine tubs, trash, debris, metal parts, we found a lawnmower in the deep hole over there," he said, pointing to an 11-foot-deep hole. "You name it, it seems to be coming up out of the hole."
Dyer has no idea how much more trash is under his property, how far it goes--or, even worse, if it's under his house.

"We're very fearful at this point," he told 10News.

It's anybody's guess as to whether anyone but the person who dumped the stuff illegally knew it was there. Builders dug down the required 12 inches for the foundation when the house was built in 2006. The debris was hidden three feet deep.

Read More: http://realestate.aol.com/blog/2011/06/20/real-estate-disclosure-what-you-dont-know-can-hurt-you/