When considering investment property of any type, it may appear to be in top shape and without a flaw. However, looks can be deceiving, to ensure that you are indeed getting the deal of a lifetime there are some things you want to look out for, which leads us to this article “How to avoid a bad deal-five signs”. We are certain you do not want to purchase any investment property of any type, only months or even a year down the road find out that the investment property was a bad one or it is simply hard to sell when the time is right, well, here is how you can avoid these things.

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Black mold has become a dreaded problem for many homeowners. This mold can cause severe problems for people with allergies or respiratory conditions. Once this toxic mold has been diagnosed, people are often ordered to vacate their homes until cleaning companies come in and rid the house of all mold spores. Companies that clean mold are reaping thousands of dollars every time they diagnose the problem. Because the business is unregulated, companies are free to charge enormous rates for the mold cleanup and there is no guarantee that they fixed the problem. Insurance companies are at the mercy of the diagnosis because failure to pay can result in enormous liability problems. Homeowners have been displaced for months on end because of the wrangling between insurance companies and cleaning companies.
A) Cleaning companies must conform to government regulations and inspections while performing their services.
B) Black mold is probably not as serious a problem as some are saying it is.
C) Insurance companies may feel that they are being unfairly charged for the cleaning costs of mold.
D) Insurance companies shouldn’t pay for something they feel is unfairly priced.

C) Insurance companies may feel that they are being unfairly charged for the cleaning costs of mold.
see paragraph: "Companies that clean mold are reaping thousands of dollars every time they diagnose… Insurance companies are at the mercy of the diagnosis…"

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I had an offer on my home and the contract was ratified. The buyer had seven days to conduct a home inspection. They did and the home inspector made several damaging statements that turned out to be wrong. Most significantly the inspector stated my roof was leaking in four spots and had mold and moisture damage on the sheathing. A week later, a professional roofer inspected the roof and found no damage. Although the roofer did state the roof needed replaced (shingles) – but there was no leaks. The same inspector also stated that the electrical installation of our split HVAC system was faulty and a fire hazard. We had this professionaly installed and have a statment stating that it was wired to code.

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I am in the US Army and have a VA Loan certificate. I’m located in NC, I am a first time home buyer and I havent got approved by the bank just yet to get the house. Already(3 days after signing a contract), the Realtor is asking for ernest money($500), appraiasl cost($400) and inspection cost($500). Also the bank told me that the closing cost will be around $5,000(realtor is fighting with the bank to place it within our loan). Realtor told us it could be done.

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We are in escrow on a REO home in Lancaster, CA that we offered 200,000 and as part of the escrow process it was officially appraised for 210,000. During our home inspections we found that there was a leak from the master bath where a few tiles had come loose (we think the previous owner accidentally knocked a hole in the backer board when redoing the drywall on the opposite side of the wall). After seeing this we had a mold inspection (which came back positive for water damage and common mold in the drywall), and have an estimate by a licensed mold remediation contractor for the repairs. Our Realtor has told us that the bank should lower the home price for the costs of the repair but my question is whether we can still borrow our original offer price and use the extra cash to make the repairs. Due to our financial situation (banks don’t want to count capital gain as income anymore), we are already putting 60,000 down for the loan and it would make more sense for us to get the extra cash from the loan then to take it from our personal saving. Is this doable especially considering the house is worth more than the adjusted price would be after we negotiate for the repairs?

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I’m looking to build an 1800-2000 sq ft home in Livingston, LA. What is the cost to build?
I know you’d need to no specs but the only features that I am adimant about having are a sunken LR, brick floors in the kitchen, wood trim instead of crown molding….nothing too fancy.
And it will be 4 BR and & office (or 5 BR).

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I’m looking to buy a house with mold (anyone who’s going to say "NO DON’T DO IT!" can go away right now) I’ve already had several specialists out to do inspections and they all said that it’s confined and can be removed. Luckily the area I want to have it removed from is an area I want to remodel 100% so I’ll be stripping & gutting down to the studs allowing 100% mitigation (I have a 100% removal warranty so again if you’re going to say anything along the lines of "it will never be gone" lets just pretend that I WANT to die of mold poisoning and move on….)

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I bought this house in April and had a house inspection and now I am having problems with moisture in my attic. The inpector reported no problems but do I need to reinsulate my attic and is he held responsible for the costs that this will need to fix? Can I see if there is mold? Thank you

You may need to add some? Did the report say insulation sufficient! I doubt that he could be held responsible, but you could ask for money back? Which you will never get. If house is older or temp is unusually cold insulation may not be sufficient. In severe cold you wil have frost on underside of roof sheathing!

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