Mold Everywhere, Does it likely need gutted?

[Zachary Piatt]

I'm pretty new to REI and have never done a flip. I just looked at an REO today and there was mold in every room, on nearly every wall and most other surfaces. There was moisture damage to many walls and some ceilings as well.

Is it safe to assume that the house should be gutted? Or is it never safe to assume anything in REI and it depends?

The property is very close to a creek and likely flooded 3 years ago. There are many other issues that could explain some of the moisture problems, such as clogged gutters, damaged stucco, and perhaps some leaks in the roof.

Thanks