if you suspect the mold is toxic, you cannot address this yourself this would have to be professionally remediated and air quality tests performed.https://www.epa.gov/mold/mold-cleanup-your-home

Sadly Jay, much of the NPN tapes floating around out there nowadays are very toxic assets, and you really need to do your DD on them, or could end up with worthless paper. 

The guy I had inspect the house once worked for the State of Washington whatever, whatever Dept that tested for toxic substances.

I’m really just irritated that they’re arguing with us when we clearly tried to do right/be fair by not pursuing them for additional damage.

And having a toxic situation like this isn’t good for business.

Rather than getting irritated and unsubscribing immediately, I occasionally open one and read it.

This extend and pretend business is toxic for the capital markets.

There are newer banks opening now or that have in the last few years that have healthy balance sheets with little to no toxic assets.I agree that many of the local and regional banks cannot take the write downs on commercial or they will be insolvent.They might have only funded a few commercial loans that went bad but they were big ones compared to the residential notes they are holding.I disagree that regular sellers won't sell.Core markets have already heated up and have driven cap rates down for A product and A location to just a little above the boom times.The problem is the local to regional banks hold the majority of the commercial distress in tertiary and secondary markets where recovery will be slow and painful over many years.Recovery starts with A assets in major urban city cores and grows outward over time.There are many buyers looking to purchase and to get a standard commercial loan need a performing property with high occupancy.Otherwise they need all cash or a hard money or private partner going in.Restructuring of notes on the pre-foreclosure side with a capital injection is also gaining traction.There are groups that have to deploy capital in a certain time frame who have optimal areas.Once they see they cannot hit the numbers they want in that area they have to adjust the expectations of the investors,return the money,or branch outward to areas that offer greater returns more inline with the investors fund expectations.Regular sellers are selling.Cash buyers want a real low basis.So I am seeing sellers do a wrap or hold a second or other creative means to get a higher price with some down for a buyer.For the buyer it lets them leverage the limited cash they have into a larger deal for upside in the future.Example for a 40 unit with a wrap and all cash investor would demand 13 to 14 going in.

If he want some financing, raise the option price and finance the option price.I would never do a CFD/LC over 10 years on anything unless it was a toxic dump.

he called me the next day and likely assumed that i hadnt checked yet or needed money so bad he didnt care, it was worth a shot, i didnt say anything to him about the bad card i acted normal so hed meet me. i was stupid and met him at my place, he handed me the card and i reached in my pocket and handed him the bad card and said were even see ya.. he bitched and moaned for awhile then started threatening me - i was already irritated so long story short there was a fight and he stabbed me.