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Interesting Article on Black Mold

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Jan 16, 2002
I've been saying the same thing for years and was pooh-poohed by all.
It just another envirnonmental buzz word to replace lead, radon, etc.
Ever notice the photos everybody points to as an example - a bath filled with mold from ceiling to floor several inches thick - I ask you, what idiot
lets a bathroom get in that condition before they fix the leak and clean the damn mold off the walls ?
 

Karl

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Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Arizona
Take as many steps back as U want, Today's lawyer Buzz word is MOLD. Does not matter rather your right or wrong it's the cost of defending yourself that the lawyer's use. Cheaper for insurance to pay than defend.
 

Steve Owen

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Joined
Jan 16, 2002
Professional Status
Certified General Appraiser
State
Missouri
Good article. Thanks.

I have always held that the appraiser's job is to determine value; not environmental condition. Of course, if there is evidence that mold will lower the value of a property, then you are obligated to take it into account. In my market, there has been little evidence (so far) to this effect. I just did one the other day that had some mold from a known cause; the former owner let the washer hook-up drip after disconnecting the washer. My response: list it, (probable cost to cure is a new piece of drywall) and recommend a home inspection.
 
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