REO Horror Story: Black Mold Attack

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REO Horror Story: Black Mold Attack

DSNews.com - Hurst,TX

Kerri Panchuk

http://www.dsnews.com/view_story.cfm?id=963

Broker Matt Levitte with ProRealty Inc. in Greeley, Colorado,

recently found himself in a bit of a pickle when the pipes inside

one of his real-estate owned properies broke and flooded the house.

Unfortunately, Matt did not discover the flood until weeks later.

" In an ideal world, we would like to instantaneously get inside a

house once it becomes vacant, " said Matt. " But that's not always

possible. "

When Matt did get inside, he was shocked to find patches of

unlethal, black mold covering the walls and floor panels. Living by

the philosophy that " sometimes bad things happen to good houses, "

Matt quickly put on his thinking cap and determined it would be best

to sell the house in its current state at a discounted price.

Even though, the mold remediation costs were estimated at $20,000,

Matt soon found a buyer and an owner willing to committ to the home

and its black mold deficiencies.

DSNews.com would like to hear your black mold stories. Have you ever

battled with a real-estate owned property covered in black mold? How

were you able to get buyers interested in the residence despite its

deficiencies? Click here to share your stories with the Editor of

DSNews.com.