"Troubleshooters" Report on "Failing Foundations"
The following is reprinted from CT REALTORS News November 6, 2015
Regarding Upcoming Reports on Connecticut's NBC Affiliate Troubleshooters Series "On Failing Foundations"
Over the past few months, NBC's "Troubleshooters" has been running an ongoing series related to certain failing foundations in Eastern Connecticut. It's our understanding that multiple government entities including the Connecticut Attorney General's Office (AG) and the Department of Consumer Protection (DCP) are conducting the investigative processes available to them to determine the cause and extent of certain failed foundations on homes and condominium complexes that may have spanned over the past 30 plus years.
CTR has provided you with the following information as provided to us by the AG and DCP in past issues of this newsletter: the Advisory provided to Connecticut home inspectors and their new brochure on Concrete Foundations.
On November 5, NBC began running "teasers" of a news story to include, "what REALTORS and home inspectors knew about failed foundations"; and their digital billboards friday morning include a similar message.
These are the statements provided to "Troubleshooters":
Statement 1: The Connecticut Association of REALTORS applauds the efforts of the Connecticut Attorney General's Office and the Department of Consumer Protection to identify the source and extent of the foundation problems in Connecticut. We are not aware that speculation on this issue has impacted real estate values or sales. We will continue to share information as it is provided to us by regulatory and governmental agencies. DCP has established an informational brochure and dedicated email address for any Connecticut resident with any concern about their own property.
Statement 2: Yes, we believe there are properties with known foundation problems or failures. Foundation cracks and problems may be a result of many factors but that is to be determined by the experts who can test and evaluate the cause and solution to any given structural problem. There is a state-mandated form to disclose known property conditions. We provide our members with accurate information as it becomes available from the AG or DCP, and respond immediately to member inquiries.
With any questions on this issue, please contact