Posted in | News

Beware of Hidden Mold Lurking in Foreclosed Homes

For anyone considering purchasing a foreclosure home in today's market, Steve Levy, a certified mold inspector in New Jersey, has one word of advice, "Caution!"

With foreclosures in the real estate market at an all time high, when one sees an opportunity to buy a foreclosure home, the first thing they may think about is how cheap they can purchase the home and what a great deal they can get. While purchasing a foreclosure home can be a great way to save thousands to tens of thousands off the purchase price of comparable homes, foreclosure homes can come with some issues both hidden and apparent that can make what was thought a great deal, a home that becomes a financial nightmare and money pit!

Knowing as much as you can about the home is very important. Often foreclosures are sold as is and as a result, many looking to purchase a foreclosure home may forgo the inspection process, especially if they feel the price is good and it's just a cosmetic issue. However, this can be a major mistake. Home inspections are a critical part of any home buying process and should never be dismissed. Even more important in the purchase of a foreclosure home are mold inspections and testing.

It is not uncommon for foreclosure homes to sit vacant for months to even years. Throughout this time, these homes may not have any climate control. Consequently, without the proper climate controls moisture intrusion from high relative humidity and chronic minor water leaks that are neglected can cause serious mold growth and contamination. Many times the mold contamination can go unnoticed until someone moves in. Not the time you want to uncover a problem.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.