OfflineI have just looked at an REO foreclosure property with a big problem Toxic Black Mold in the basement. Will this impact the resale value of the home??
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Black Mold Impacts
Posted on: Sun, 06/01/2008 - 21:05
I have just looked at an REO foreclosure property with a big problem Toxic Black Mold in the basement. Will this impact the resale value of the home??
You can find out everything about toxic black mould by reading the information at this site:
http://www.allaroundthehouse.com/re.let5-6.htm
From all I have read it can be a real issue as it is dangerous to live with and if this mould comes from leaking pipes or other water seepage it may be expensive. You would be best to check out the source of this mould to see if it is a real financial and otherwise burden to deal with. Getting rid of it can be a big job too!
Read all the info on this site to better know what it will take to get rid of it.
Deb
Thanks Deb,
Does a property with Toxic Black Mold have to be reported and put on the public record?? Making it more difficult to resale??
Ben
Reports of mold at a property have to be included in the notes of a listing in our area. I don't know about public record, but I'm guessing yes. It is a major concern.
Rina
P.S. Deb, thanks for the good info.
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