FHA does not allow homes to have mold unless you resort to the FHA 203k program. I don't push anyone from these types of loans, but be ware. If the home has mold, there may be other issues.
For any financing questions, feel free to call me anytime.
Home Loan Expert
Mold is mold and must be professional removed. You will not be able to finance this home unles as Baraboo2000 stated you take a 203K loan. Contract Mary Kay Laurent with Guaranteed Rate at 773-516-6859. She is fantastic.
Best of Luck
No, the bank will not finance. The mold must be remediated prior to closing and since you cannot make the repairs yourself it's not going to happen.
Plus there is no way the bank that owns it will take care of the mold. They more than likely took that expense into account when pricing it. If I were you I would move on.
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If you are getting an exceptional price it might be worth pursuing, if not a great price then forget it.
A great place to discuss this with is Gabriel environmental on elston ave around division ave. give them a call.
Muchas de las propiedades q yo vendo tienen mold y el comprador lo quita antes de q llegue el appraiser ...y solucionado .
Dependiendo q tipo de mold sea...alguno no se pueden quitar ni con una bomba ...
Tu agente q te representa te deberia haber indicado sobre el procedimiento a seguir en estos casos