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Updated almost 12 years ago,

User Stats

603
Posts
130
Votes
Adam Craig
  • Investor
  • Cleveland, OH
130
Votes |
603
Posts

Is Mold going to stop deal?

Adam Craig
  • Investor
  • Cleveland, OH
Posted

We (me and the bank) have an accepted offer for a house. The house has been inspected and is in great condition except the basement has a good amount of mold on the cinder blocks.

The house has been vacant for 3 years and the back gutter has been ripped off, causing runoff near the foundation causing mold on the back wall.

I am getting conventional financing - is this mold going to kill the deal? What are my options - I would hate to spend 2K to fix the basement before I even own the house.

What to do

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