Foreclosure in Greenfield>Question Details

Nancy Desonia, Home Buyer in Milwaukee, WI

I have looked at a home that has mold in areas. should I stay away?

Asked by Nancy Desonia, Milwaukee, WI Sat Apr 28, 2012

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Here is another thing to think about from the home insurance perspective.

Homes that have mold claims that were turned into their insurance company MAY be uninsurable in the future.

Contact your local insurance agency for questions about a specific home.

Think very carefully BEFORE buying a home with known mold issues.

Lloyd Pro Group | Nationwide Insurance
2675 Breckinridge Boulevard #100, Duluth, GA 30096
(770) 497-1200   (770) 497-8721 (Fax)‎ lloydprogroup.com
http://www.lloydprogroup.com
0 votes Thank Flag Link Mon Apr 30, 2012
Certain types of mold can be deadly, so proceed with caution.

That said, there are many homes in this area that have mold issue. Sometimes it is due to lack of heat during the winter months. This can also cause hairline cracks in pipes. Before purchasing any home, make sure you have great professionals to work with. If you decide to go forward with this home and need a mold remediator, email me and I will gladly provide you with their contact information.

Make sure you use a qualified home inspector as well.
0 votes Thank Flag Link Mon Apr 30, 2012
Nancy,

Unless you are an experienced contractor or experienced in mold remediation I would caution against pursuing a home with evident mold issues. Unless mold is completely eliminated it can return and will continue to be a problem. A continued problem such as this will lead to unexpected costs which could turn your great foreclosure deal into a money pit.

Troy Miller, ABR, RNG
TOTAL Realty LLC
414-333-3723
troymiller@totalrealty.com
http://www.totalrealty.com
0 votes Thank Flag Link Sat Apr 28, 2012
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