Home Buying in 14227>Question Details

Star123, Home Buyer in 14224

what are rules surrounding mold disclosure with HUD homes?

Asked by Star123, 14224 Thu Jun 25, 2009

I recently won the bid on a HUD home, after receipt of the approved contract my home inspection revealed extensive mold. more then was outlined in the property condition report. what options do i have? Can I get out of the deal? What time frames are there? I assume FHA will not approve the loan until this is taken care of.

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Whenever an attempt is made by a purchaser to buy a HUD home filled with fugus mold and/or meldew, I think HUD should reduce the selling price to affordable housing.....not allowing the buyer to enhance financial burdens for mole repairs.
0 votes Thank Flag Link Wed Apr 13, 2011
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