Disaster in my Realestate business please help

[Mark Suliman]

so the story started 5 month ago I bought a home in land o lake Florida through home search.com I closed on it may I got title insurance at closing I renovated the entire home I put up for sale and got it under contract in 1 week inspection was good appraiser good we have closing on 11-6-2015 this morning I received email from the title company I chosen asking me if I have disclosed that the home had a sinkhole permit to test the property was pulled in 2011 that was a shocking to me since the title company I used to buy the home did not disclosed any of this to me I had a realtor also at that time and right befor closing I asked home to check the closing papers and title commitment and he said it look good I don't know what to do at this point I checked with the county if permit was pulled to repair the sinkhole found nothing I paid cash for this home am in about $165000 what do I do please help

[Karen Margrave]

@Mark Suliman Don't panic.  In the past there have been stories out of Florida of sinkholes that swallowed cars, homes, etc. In 2013 one opened up and a man was killed when the house opened up. Testing for something is due diligence. The fact there was a permit pulled, doesn't even mean it was tested. However; even if it were tested, doesn't mean it was tested because of a sinkhole, but to insure it didn't have one. 

If there is no law stating you have to disclose if a permit is pulled if you're testing for a sinkhole, and no law stating that someone doing such tests have to record them, then you're in the clear. It's probably nothing to worry about. 

You might want to go back and read the title report, and if you aren't familiar with them, ask the title company to go over with you and explain where that information would be found. Good luck.