Menu Close Menu

Blog

Buying a Sick Home

Posted by Tim Lam | Nov 27, 2013 | 0 Comments

While the housing crisis is easing, many foreclosed homes remain on the market. For a family or investor looking to buy, these homes are often a good buy.

However, there is a side effect of the foreclosure epidemic that many buyers discovered the hard way. Many of these homes remained on the market or were flipped and left unoccupied for a long time. These empty, unused structures provided a perfect incubation area for toxic mold. Some estimates find almost half of foreclosed homes to have some type of toxic mold problem. If you're on the market, perform a thorough and careful inspection with these issues in mind prior to pulling the trigger on that property.

About the Author

Comments

There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Law Offices of Edward C. Ip & Associates

Edwardcip

Our law firm represents homeowners, landlords, tenants, contractors, subcontractors, architects, engineers and material suppliers. Because we have an in-depth knowledge of construction law, real estate law, and property law, we know how to find the facts, ask the right questions and get results.

Contact Us Today!

We try to work out disputes through negotiation, but we will never back down from a court fight. Our Los Angeles construction lawyers and real estate lawyers gather all the facts and then advise you about what makes the most economic sense for you.