Looking at investing in a house with mold.

[Brenda Hedges]

Yesterday I looked at a small ranch home that was priced substantially below it's assessed value. The inside of the home had mold every where, growing out of the cupboards, on the walls, the ceilings etc. The basement is obviously wet. It is a concrete block foundation and I could see leaks in the walls. The windows are in poor condition with cracked trim. Really, the only parts of the house that looked decent are the metal roof and the siding. Considering the cost of mold remediation, which would entail and entire gut of the structure, should I look at tearing this building down and replacing it with a modular? Is it worth trying to remediate that much mold? I know that ultimately I'll have to look at the numbers for both those options but if anyone has any prior experience with a home in this condition, I'd appreciate hearing what you did. Many thanks.