Beware of Mold When Buying a Foreclosed Home

As more homeowners fail to pay their mortgage, more foreclosed homes have appeared on the market, along with their hidden companion–mold. Research over recent years has shown mold to be one of the most dangerous forms of growth in your home. Foreclosed homes remain closed off and mold and mildew are able to find perfect breeding grounds as a result in nearly half of these homes. These homes are left for long periods of time without any electricity so there is nothing to combat water damage. The absence of ventilation and circulation means that all moisture is trapped inside, and ignored leaks and flood complications aid the toxigenic growth. Mold remediation is a must in these foreclosed homes, for safety reasons that could end in a lawsuit if not addressed.

Why Mold is so Common in Foreclosed Homes

Homes without owners turn into liabilities for realtors when mold begins to grow. Responses and foreclosure procedures frequently waste much more time than expected so houses wait for lengthy durations, contributing to the growth of the mold. Prices are set too high and banks seem to be in no hurry to finalize paperwork so homes are left abandoned during humid, baking months. It’s turned into a real issue and realtors have been forced to collectively work through the “epidemic.” Buyers are increasingly understanding the health risks associated with mold and are hesitant about moving into these properties. Persuading buyers is becoming a larger hassle and the last thing real estate owners want is to drive down the price of the property.

Temperatures inside the house go up despite changing weather and situation can become truly hazardous for consumers’ health. Banks are too busy to deal with each home and fraud paperwork has risen as a result. No matter how quick you make an offer as a buyer, the lengthy process allows for a full-fledged infestation regardless of how minimal the issue was initially. This only elongates the mold issue as houses remain empty, and eventually calls for more extreme measures like the replacement or removal of walls or floors.

The most fool-proof method of moving forward in a purchase of foreclosed property is to have the home thoroughly inspected by a trained professional. They will be able to inform you of any mold buildup and an nearly exact estimate of the costs you can expect to pay in order to resolve the issue. Then at least it’ll be in your hands whether or not a home’s discounted price is even worth the trouble.

Contact Moldguys Remediation 

If mold is found in these foreclosed homes, it’s crucial to have it removed quickly and efficiently to protect the health of potential homeowners. Contact the experts at Moldguys Restoration today. Fill out an online form or give us a call at 781-910-5029

The Dangers of Black Mold

Black mold tends to grow in damp, dark and humid places where moisture accumulates. Black mold can grow in both indoor and outdoor environments. Despite its name, black mold isn’t entirely black, but could also have a dark greenish hue. It develops a dark coloring when it’s mature. The infestation of black mold can be costly as well as dangerous because of the spores produced by the mold, especially for individuals with allergies or whose immune system is compromised. Black mold could become deadly if left to grow unrestrained. Take a look at some of the specific dangers of black mold.

What is Black Mold?

Black mold is a fungus and the most common species is Stachybotrys chartarum, known to produce mycotoxin. According to the Centers for Disease Control and Prevention (CDC), stachybotrys chartarum can grow on material with a high cellulose and low nitrogen content, including fiberboard, gypsum board, paper, dust and lint. The cause of the mold growth can be related to water damage, leaky pipes, condensation from an air conditioning system, excessive humidity or flooding.

Dangers Black Mold Pose

  • Travel Indoors: The last thing you want is for black mold to take up residence in your home, but sadly it can happen. The spores of black mold, which are the real danger, can migrate indoors from outside through open windows, doors, heating, air conditioning unit and ventilation. Spores can also attach themselves to pets, clothing and even people that carry the mold indoors. Once transferred in, the mold takes root in moist areas of your home, where it flourishes and later cause structural damage to the house.
  • Trigger Allergies: Black mold can cause an allergic reaction in individuals who are sensitive to the fungus. Exposure to black mold can cause an allergic reaction, with symptoms that can include stuffy nose, stomach pain, cough, diarrhea, wheezing, red or itchy eyes, or skin rashes. It may also trigger severe reactions such as fever and shortness of breath.
  • Development of Asthma: Asthma in children, in particular, has been linked to mold growing in the home, according to the National Institutes of Health (NIH). If a disturbed mold source in the home release spores into the air, then any occupant in the home, adults or children inhales or ingests, it could result in an allergic response like asthma. Asthma can cause problems with breathing and chest pain.
  • Opportunistic Infections: Black mold can cause specific health problems in people with a weakened immune system and not affect healthy people. Individuals receiving cancer treatment, organ or stem cell transplant patients, and people taking certain immune system-suppressant medicines are more susceptible to contracting mold-related infections.

Contact Moldguys Restoration 

If you find that black mold has begun to grow in your house, contact MoldGuys Restoration. We’ll get the job done right the first time with our highly trained mold remediation experts and professional service.