Asked by Alexu, Seattle, WA • Thu Oct 23, 2008
I am trying to buy a foreclosed property owned by the bank. Just received a counter offer from the bank that had "Mold disclosure and release" addendum. It says "property may have mold". My agent says its a standard practice, but I am worried.
Is it really a standard bank's practice to include mold disclosure?
What kind of special instructions should I give to home inspector so he checks for possible mold issue?
At what point should I back from the deal or order professional mold inspection?
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