I inherited a sinkhole house from my parents. It is in a deed-restricted community, and turning into quite the money pit.
It has no physical damage, other than a few hairline cracks which have been there for years. And there is no sinkhole per-se, but when some neighbors reported sinkholes, my parents had a ground inspection. Their insurance was then terminated, due to the findings. The ground is unstable.
The home is forty years old. It has a new roof, and a recently replaced pool liner. Unfortunately, because of the HOA, it must be maintained meticulously. I cannot afford to keep doing this. The electric for the pool pump alone is over a hundred a month, then there is the lawn, which is expected to be kept “lush and green”. The fines for that are $1000 a pop! The HOA rules with an iron fist.
Since it is uninsurable, I am afraid to rent it out due to liability.
How can I get rid of this money pit?