The latest risks with florida foreclosures – mold
Foreclosure attorneys warn potential Florida foreclosed homebuyers about mold
As the number of Florida foreclosures rise, so does the level and presence of mold in foreclosed homes. In most homes, as residents travel through the house and the seasons change, the natural ventilation sucks moisture through the attic and out through the roof, preventing mold. In many moisture-laden parts of the country, mold is prevented through air conditioning during the summer.
As Florida foreclosures sit on the market with the electricity and water turned off, and no dehumidifiers for months, there is little natural ventilation and the effects can be devastating. Mold – the slimy black or green patches – are appearing on the drywall and blanketing bathroom fixtures. Even minor mold abatement can start at $5,000 and go rapidly up from that point.
Before Buying a Florida Foreclosure – Work with a Foreclosure Lawyer
If you’re considering the purchase of a home foreclosed in Florida, it’s important to be sure that the home is safe from mold. The banks want to sell foreclosed homes on an as-is basis, a way for them to limit their liability and speed along the process. Florida homebuyers must protect themselves by working with an experienced foreclosure attorney who will ensure that the banks let the prospective buyer do a mold assessment prior to purchase.
Remember, in many states it’s estimated that more than half of the foreclosed homes on the market have serious mold and/or mildew issues. Mold and mildew can affect your health in numerous ways and cause serious problems for children and women who are pregnant. Realtors across the country have indicated that they’re seeing mold problems in every type of home – from expansive mansions to simple bungalows – and the banks will not warn you about it.
Banks Will Not Protect Homebuyers – only an Attorney Will Protect you
Real estate professionals don’t believe that the banks mean to incur thousands of dollars in mold damage just to save on the monthly utility bills on homes they’ve foreclosed. The mold problem appears largely to be a manifestation entirely driven as a result of the foreclosure crisis. Bills go unpaid, the houses sit vacant, and as is the law of nature, they begin to self-compost or decompose.
Many homeowners who put in a bid on a foreclosed home or short-sale wait for months and hear nothing from the understaffed banks who do not have enough qualified people who know what they’re doing to move the process along. As a result, the homes are sitting vacant and mold is intruding while everyone waits. A foreclosure lawyer, however, can help jolt the process a little and avoid the charges of faulty paperwork that clogged the foreclosure process for almost a year – a fact that’s exacerbating the mold problems as long as houses sit and wait for new owners to take over.
The simple fact is that even if the price on the foreclosed home is good, if mold has invaded it may not be worth the money and effort in mold abatement. You must protect yourself and your family from potential mold contamination. Your lawyer has that concern in mind when working with the bank to help you purchase a foreclosed home – one that’s mold-free.
For a no cost, no obligation consultation and review of your case call a Legal Help Group professional right now at (877) 304-9404, or fill out the “contact me” form to connect with a Florida foreclosure defense attorney.