no unless they have it remove
HUD homes can be sold that way for sure. Any time they sell a home AS-IS, there’s a possibility. That’s why you put in a clause that the house has to pass inspection before you’ll commit to buying.
This comes down to 2 quesitons. First what are your states disclosure laws regarding real estate and second was the bank actually aware that they sold a home with black mold?
For instance in California the bank would not be allowed to sell the home withour disclosing the mold issue provided the bank was aware of the mold condition. However what usually happens is the foreclosed home is sold without the bank being aware of what the homes actual condition is and it is the buyers job to research the home and accept the risk.
It is illegal to sell a property knowing that this problem exists without disclosing it to the new buyer. Under normal circumstances it would have to be corrected before the closing. Talk to a real estate attorney to learn what your rights are.
I guess so but they’d have a hard time doing that. It’d need to be stripped to the studs but it could be done, I think.
99% of mold is harmless, and many people confuse mildew with mold. But, yes, each situation is easily recified and does not require that the house be demolished. The house can be sold. If the mold was one of the dangereous varities it has to be disclosed, even if ti was killed.
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