Mold Found During Home Inspection

[trusco]

What is the name of your state?Illinois
We have a contract for a house being sold by owner. Had the home inspection done last week and there was a significant amount of mold discovered in the attic due to poor ventilation. We paid for a mold inspector to come out and look at the entire house, during which he found problems throughout the house with mold being present. The estimated cost of remedy was around $8,000. We as the buyers are now wanting to break the contract based on these findings and are concerned about not retrieving our earnest money. We are not completely sure that the owners were unaware of this situation, however it was not included on the disclosure they signed. Our contract states that since the repairs are over $500, we can either make them pay to fix the problem, lower the listing price of the house to off-set the repairs or to negotiate a deal for remedy. I am just wanting to break free from this contract with our earnest money.

What options do we have?

[HomeGuru]

Originally Posted by trusco

What is the name of your state?Illinois
We have a contract for a house being sold by owner. Had the home inspection done last week and there was a significant amount of mold discovered in the attic due to poor ventilation. We paid for a mold inspector to come out and look at the entire house, during which he found problems throughout the house with mold being present. The estimated cost of remedy was around $8,000. We as the buyers are now wanting to break the contract based on these findings and are concerned about not retrieving our earnest money. We are not completely sure that the owners were unaware of this situation, however it was not included on the disclosure they signed. Our contract states that since the repairs are over $500, we can either make them pay to fix the problem, lower the listing price of the house to off-set the repairs or to negotiate a deal for remedy. I am just wanting to break free from this contract with our earnest money.

What options do we have?

**A: the 3 such options that you have listed.

[mycologist]

Here is a paper written by a lawyer and fungal mold and medical mycologist.
Clearly every mold is not a problem but often part of a normal fungalbioflora.
before you spend as much as 20,000.00 to remove a mold such as I have seen spent (only to find the mold came back!!) read these pages.

Free consultation for attorneys. (ATLA and ABA dues current : )


[url]http://www.njmoldinspection.com/unnecessary_mold_repairs_nj.html[/url]

[url]http://www.njmoldinspection.com/abstract_mold_or_mildew.html[/url]

Visit the Mycological Institute FMHH at

[url]http://mycologicalinstitute.ath.cx[/url]

Original and exclusive information to be found nowhere else.