I just read about Bryant Tutas story Blinded by False Hope! What an ugly situation! I'm interested in knowing more about mold situations. Up here in Iowa, it is extremely rare, and scares the heck out of people. I'm in the process of listing a home that had a small plumbing leak from the previous owners that erupted into full blown black mold behind the walls that cost my sellers $19,000 to repair. They had no knowledge this situation existed until their children ended up sick in the University of Iowa hospital! They believe everything has been mitigated, have had no further illness in their children the past two years, and are trying to assess what impact this will have on a prospective buyer's interest in their home.
I have no experience with this at all and could use some advice from anyone who has. What impact is likely on the sale process? Is there insurance out there to protect people? (My insurance exempts any mold claims) Is there less impact in areas of the country that mold is more prevalent? HELP!!!
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