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Buying a Sick Home

Posted by Edward C. Ip | 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

Edward C. Ip

Edward Chi Ip holds an extensive amount of experience dealing with civil litigation in the fields of real estate and construction law. As the head of the firm, Mr. Ip leads a team of experienced attorneys in strategizing winning game plans when it comes down to ensuring the satisfaction of every ...


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