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Sat Oct 10, 2015, 08:25 PM

Couple Convicted of Selling Florida Sinkhole Home

Source: ABC News

Couple Convicted of Selling Florida Sinkhole Home

By ABC NEWS Oct 9, 2015, 6:44 PM ET

A Florida couple is facing up to 20 years each in prison today for selling their home without informing the buyers about an enormous sinkhole that they knew was underneath it.

On Thursday, a federal jury in Tampa, Florida, decided that Glenn Jasen and wife Kathryn Jasen, of Spring Hill, Florida, were guilty of wire fraud, which is a federal felony.

Prosecutors alleged in the case that the Jasens "did detect a sinkhole" in 2009, filed a claim with their insurer and then "elected to receive a check in the amount of $153,000 but did not ever fix the sinkhole."

According to the US Attorney's Office, the Jasens deposited the insurance check into a bank account. They then failed to disclose the sinkhole in real estate documents and later sold the home to another family, according to the indictment.

In court, US attorney Tom Palermo told the jury that "the defendants put lipstick on a pig and sold it to suckers."

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Read more: http://abcnews.go.com/US/couple-convicted-selling-florida-sinkhole-home/story?id=34375901

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Reply Couple Convicted of Selling Florida Sinkhole Home (Original post)
Eugene Oct 2015 OP
dixiegrrrrl Oct 2015 #1

Response to Eugene (Original post)

Sat Oct 10, 2015, 08:34 PM

1. Taht might be legal in Ala.

Houses are sold "as is, where is" and no disclosures have to be made.
There might be a Federal law that supersedes some issues, I dunno.

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