We were proactive in trying to find out a year ago, when the news first hit, if slab foundations were affected and we were basically told no. We had considered moving to North Carolina for a couple years, and when my employer indicated to me earlier this year it would be best to move to North Carolina to have a better chance at avoiding a layoff, we decided to pursue it seriously.
We found a home in North Carolina and had planned to move in early August. Our home was on the market in South Windsor less than two weeks with Coldwell Banker when we found a buyer that loved our home as much as we did. We were truly excited, for the buyers and for us.
Monday, July 11th, at 10 a.m., the buyers’ home inspector let us know our home (on a slab foundation) looked to be part of the crumbling foundation issue. Imagine our shock, disbelief, and anger. The buyers were able to contact an inspector who specializes in examining foundations for this issue, who came out at 3 p.m. the same day. He confirmed our worst fears. We immediately contacted a contractor to come out to inspect, and give us a quote if he saw the issue. Within less than a minute, he said, “Yes, you have the issue.”
We have dealt with an extreme sense of loss and financial devastation within 24 hours. We have updated our home, poured our heart and soul into this home, only to find out it all was for nothing. Our home is basically worthless. The cost to fix is more than the value of our home.
– Homeowner, South Windsor