Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 14 years ago, 01/21/2011

User Stats

2,498
Posts
280
Votes
Bienes Raices
  • Orlando, FL
280
Votes |
2,498
Posts

How to negotiate with bank for mold you can't see?

Bienes Raices
  • Orlando, FL
Posted

My offer was accepted on an REO, and there was a strong smell in the house before--then the bank repainted the interior, probably to cover up the smell. I'm pretty sure it was mold, although the only visible mold I saw was a small trace of grayish stuff on the wall. I don't know for sure if mold is there but if it is it's hidden behind the drywall, or somewhere else.

To have air samples taken and tested, it's anywhere from $350 - $700, depending on the number of samples. However samples aren't going to give me proof for the bank of how much it would actually cost to remediate.

What do you do in this situation--skip the samples and just have some remediator come in there and try to give an estimate?

Loading replies...