Updated almost 9 years ago on . Most recent reply
Sinkhole
Has anybody had experience with a sinkhole on a property?
I recently bought a tax deed to a home that has a sinkhole that formed in 2008 and has apparently not affected the structural integrity of the home. The home was abandoned and subsequently auctioned.
This is in Thomas County, Georgia near Thomasville.
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I buried cut up trees after the hurricanes in 2005 in my pasture and they have rotted and the holes could swallow a car. These are not sinkholes. Sinkholes are from the ground collapsing from openings underground. These cost a lot to have an engineer and remedial filling done. One house I looked at cost over $60,000 to fill and it destroyed the value. Some owners just took the insurance claim money and abandoned the houses. I would only buy to rent not for resale if it was cheap enough to recover all my costs in a couple of years.