If the siding is asbestos you can cover with minimal costs but if you remove then you are talking about possibly needing a specialized company coming in to remedy it.

Can any confirm that this is a problem or provide any ideas to get this remedied other than repairing the drywall prior to the loan?

One is about 2 feet in diameter  Just wondered if anyone else has tried this remedy and what results you got.

My initial reaction is that I would inform the Seller that failing to close would breach the contract, that you are fully prepared to close and will proceed as if closing will happen as scheduled in the contract, and that if Seller breaches the contract you will have no choice but to exercise your right to seek a remedy.

Make sure your contract states that keeping the earnest money is the other party's sole remedy and not specific performance.

However, I am curious to see if you have any suggestions, Thanks,UPDATE:Any good mold remediation references are greatly appreciated. 

Each may have different rights and each may have a different legal remedy required to remove them - this could be a lengthy process depending on your states laws. 

My concerns are that even if we are going to deal with it, and have a certification from a mold remediator, if the problem returned, I can find myself deal with a "mold is gold" lawyer.What do you think?

Originally posted by @Michael Kresloff:How do I estimate asbestos and mold removal for 1000 sq foot basement Michael - you need to call a few mold remediation companies in your area.

I want you to have legal advice and be comfortable with this decision about your home.Now I will tell you, unless your attorney is an expert with a lease with option, subject to existing financing, owner financing, and other legal remedies for your situation, he’s probably have a say ” don’t do it.”Then I reach for my nolo.com article, and go over the different seller financing possibilities.Seehttp://www.nolo.com/legal-encyclopedia/seller-financing-home-sales-30164.htmlAnd I walk them through all the situations in the article, from lease purchase to subject to, to installment sale, to wraparound mortgage.