hunt4duck's Blog

I am looking to purchase a new home, from a bank, that has water damage and mold.  The bank is giving a concession to be put in escrow for damages and the current contract will stipulate that if estimates are above that amount, I can back out.  It is obviously listed at a good price due to the conditions and has excellent potential upside.   The downsides and the mold issues I am not real familiar with, but am conducting my research.  Time is an issue, as we want to get on the deal.  What can you tell me about the risks, success rate in cleanup, recommendations for remediation, etc.?   Am I being foolish to think I can get a good deal on a home?