Best way to organize and time inspections?

[Bienes Raices]

I recently had an REO under contract. We were waiting for the bank to return signed contracts. I actually scheduled my inspector to come out before we had the signed contracts back. Signed contract came back and as it turned out inspector came out on the 4th day of my 7 day inspection period, due to scheduling issues on inpector's end, and because front part of inspection period was over a weekend. Originally the bank wanted a 5 day inspection, but we negotiated 7 days.

Anyway, inspector came out, and in addition to the issues I already knew were there, found evidence of (serious) mold & water damage. In addition I found out that the house was on septic, so I would need to have a separate septic inspector come out.

I tried to schedule a mold remediation company to come out but they didn't have any appointments until the day after my inspection pd would end. At that point I decided to back out of the whole deal and just write the inspection as a sunk cost, due to the magnitude of the problems and the unknown nature of costs to repair.

Did I do the right thing? Or is there a better way of scheduling and coordinating REO inspections so that you don't run out of time, and have enough information to negotiate further with the bank due to repairs? I know that some of the experienced people on here are beyond the point of using a paid home inspector, but I'm not there yet. I'm speaking particularly of when you discover that you need to schedule secondary inspectors for problems like mold, etc.