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Updated almost 9 years ago, 02/23/2016
Mold Obligation
This question may be better suited for an attorney but I figured this would be a great place to start.
One of the properties I am considering purchasing has a sign posted on the window from HUD that states " EVIDENCE OF MOLD PRESENT." The home is REO. It appears the mold issue probably was in the basement at some point because I see the carpet was pulled up and there is new drywall up. To me it actually looks like they partially/fully remediated the mold.
My question is: As an investor, what is my obligation to notify potential buyers that there is mold present in a home that I will be completely renovating?
Thanks!