REO Property InformationMy wife and I are currently in the market for a new home. This past weekend we came across a home we both fell in love with. However, the home is owned by US Bank and is being sold as part of the Wells Fargo REO Program. So, here comes the fun part... After viewing the home and falling in love with it, our real estate agent began asking the listing agent questions. The listing agent said that the previous owners left the water running on the second floor, when they left the home. The second floor was flooded, and as a result came falling down to ground level. The real estate agent said everything was replaced and the entire second floor was redone. When asked who did the work, the real estate agent said "Home Depot." However, upon checking with Home Depot they do not do all the work that was needed to repair this home. My wife and I have a lot more questions! However, we are finding it almost impossible to get any answers. Our main concern is the structural integrity of the home, as well as health concerns due to possible mold from the flooding. What is the procedure when the bank has to make repairs like this? Do they have to make sure the home is repaired and brought back to code? Do they have to ensure that the property is free of mold? Before submitting an offer all homebuyers have to sign an owner-occupant addendum, stating that you will occupy this property within 30days after closing and remain in the property for at least 1 year. Can they make homebuyers go through this if the house is not structurally sound or mold issues? Finally, we understand that the bank is exempt from disclosing certain information. However, are they exempt from disclosing major repairs and mold?July 08 - Dayton00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.