Toxic Drywall Bank Own Properties Resold for Pennies - What happens next?

You may or may not know banks do not have to disclosure toxic houses to potential buyers.  In fact, in Nevada you have to sign a waiver for the normal disclosure form.

So what happens when a investor purchases a home for pennies on the dollar that has toxic drywall?

Nothing. 

The investor will put as little money as possible into the home to get it rent ready without disclosing anything to the potential renter.

What will happen to unsuspecting renters who rent 6225 Red Pine Court after a few months or longer?  Will they get sick?

Who is responsible?

All good questions, with no good answers.

Disclosure

I wonder if anyone disclosed that there was toxic drywall in 6225 Red Pine Court?

We know the banks selling homes in Nevada do not have to disclose anything in fact they have the buyers sign a NSR 113 waiver to that fact.

Do the new owners know that the drywall in the house caused us to be sick for over six years?

Probably Not.