Has anyone asked "What happens to the toxic houses when they are foreclosed on?"
The answer is yes, and there are groups fighting to get the banks to stopped patching the testing holes, painting and putting them on the market with NO DISCLOSURE. Most states don't require the banks to disclosure anything about the home because they did not live in it. They do a home inspection but do not make the info available to the prospective Buyers especially if it includes mold or toxic drywall.
As-Is is the phrase and you will sign a waiver or rights relieving the bank of any liability concerning the home moving forward. You buy it, you get sick, your problem.
In Nevada, the banks are not required to fill out a SRPD or a Sellers Real Property Disclosure and force Buyers to Waive their rights by Notarizing a NRS 113. When I say force, I mean if you want to buy the property you have to sign it. You can walk away so technically you are not forced to sign it but you are not allowed to any "destructive testing on the home" but can have a home inspector. Most home inspectors are not "Acredited Toxic Drywall" Experts. Getting the home tested will cost you more money but when you are considering a purchase in the hundreds of thousands is a $500 test out of the question?
If you are buying a house in foreclosure in Nevada that was built between 2002 - 2008 knowing what we know now have it tested..
If you bought this house and the Builder/Agent/Broker did not disclose Issues about Toxic Drywall, ASK before it's too late. Updated info on the growing problem with gypsum, drywall, sheetrock, wallboard issues in las vegas and the health issues connected to the products. Some call it Toxic American/Chinese drywall, anyway you cut it we are sick from it. There is toxic contaminated drywall in Las Vegas NV we are proof of it. RENTERS Beware!
Sunday, March 13, 2011
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