I represent a buyer who put an offer in on a "repaired sinkhole home" in Pristine Place, Spring Hill, Florida. It is a gated deed restricted community with very nice amenities and a beautiful subdivision in Hernando County.
I was told that the seller's lender is accepting the offer, which was a surprise to me. However, given the fact that it is a beautiful home, a short sale and a "repaired sinkhole", which is usually a hard sale, I assume that is why they accepted the offer.
The problem that arose is that the company that repaired the sinkhole apparently did not get full payment from the insurance company and they have a lien on the house for approximately $700. My buyer naturally does not want to proceed until they see a full copy of the report and the company wants payment which is not scheduled to happen until the lien gets paid at closing.
I have a call into the company and hope they will see the dilemma we have. I have pulled the information off the Hernando County Property Appraiser that a final permit was issued for the work, but if the report stating what was done does not exactly match the initial findings, the insurance company will not insure the property.
As always, short sales and foreclosures always present unique problems.