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MOLD REMEDIATION

Plentiful mold in house of less than 1,000 s/f (basement, bedroom and attic crawlspace) - any "best guesstimates" for cost of remediation before I call out for actual estimates?

It's a foreclosure that needs work, but could be well worth the price if the remediation is within reason.
  • March 11 2009 - Monticello
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Answers (9)

First of all the bank is NOT responsible for removing the mold from the home. If the home is being listed by a realtor that realtor can certainly factor the mold remediation into your offer to the bank but there is no guaranty that the bank will pay for it.

Also, the cost of mold remediation depends on lots of factors such as the access to the attic, whether or not the insulation is being removed, the type of remediation performed (dry ice blasting, traditional remediation, fogging, etc..) Whether or not drywall and insuklation have to be removed, size of the containment, etc...

If you want to contact me and let me know where the home is located I am able to give you some names & numbers of reputable remediation firms.
  • August 26 2009
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PS - we had a reputable specialist provide us with an estimate.  It was $16,750.00.
  • May 11 2009
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Sorry, Raymond, but that is incorrect.  Such property is sold "as is" and it falls to the buyer to correct any such issues after the fact.FYI - We would up letting it go.  Thanks, all.
  • May 11 2009
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I do foreclosure work.
From what I understand, the bank is responsible for cleaning up the mold before the house can be sold to you.
Or they will get estimates from contractors like myself, and then discount that to you on the selling price of the house.

  • May 11 2009
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Totally impossible to give an estimate until a professional looks at the property and determines the cause and extent.  You need to look deeper to determine if the mold is surface only in which case you need to determine if there is excess interior moisture from things like slab seepage, or whether it is structural, which indicates water intrusion...or both. Plan on replacing the drywall if mold is growing into it so factor that into your costs (we like paperless drywall!). 

Foreclosed homes are often abandoned and there is likely to be surface mold due to the lack of heat and moisture control. It is amazing how quickly homes deteriorate when nobody lives in them. 
  • April 28 2009
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In earlier times I was a mold remed. and basement waterproofing sales person. I must give you some whole hearted advice. Check everything with the company you decide to hire. Ask for their insurance references. It is a fly by night business and when someone makes a mistake and gets sued the claim bankruptcy and re open in a month under another name. A simple piece of advise would be to research how long your company has been around WITH THE SAME NAME. I have seen companies add a" The "in front of their name after being sued. I am not trying to scare you but just make you aware. As far as the prices they will play on your fear of health and charge you in the tens of thousands. Again just be careful. Also the advice of taking care of the issue first is correct. Mold needs 3 things to survive. Food, water and temp. Remove an element of this formula and you remove mold. Good Luck!
Best-


  • March 16 2009
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Monticello, in order for you to determine the cost to remove it, you should really find out what is causing it first. Once you fix that, then you should move forward. Trying to remediate before correcting the problem would just be a waste of money because it will just happen again. 
  • March 12 2009
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Your best bet is to call for actual estimates.  Having had personal experience with mold remediation, the process is involved.  First the mold has to be tested.  When you get the test results then the "fun" begins.  Make sure you have a licensed professional do the work who can provide you with the necessary documentation to prove that the remediation has been done properly.  Otherwise, you could be endangering the health of the future occupants of the house and exposing yourself to unnecessary litigation.  Advice: if you think this house is a "steal" and mold remediation is easy, "think again." 
  • March 12 2009
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  Wow, these are not easy to estimate, because if there is moisture in the electrical wiring, the state electrical inspector will require it to be replaced. A lot of things come into play with mold, mostly how long has it been there, and how deep do you have to go to get rid of it? I've opened up walls where the framing was gone!   If this just happened because of busted water lines, and the mold is only a few months old, than of course where not looking at that type of damage, but it still need to be viewed as a worse case scenario. All flooring, drywall, insulation, and trim?? The few that I have looked at with mold, I figured I'd have $30-$40 grand into...I also looked at one in Hugo that needed well over $100,000 in repairs, the house was virtually a total loss, and it was built in 2006.
  • March 12 2009
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