On May 17, 4:49 pm, "cherie9g" u34288@uwe wrote:
Hello everyone,

I am looking for some assistance. I have considered purchasing a home that
is worth $190,000 for $126,500 and the reason that it is not selling is
because the house was foreclosed and throughout the fall/winter period, the
sub-pump broke and the basement flooded, leaving alot of moisture in a house
that was locked up.

There is now tiny mold spots all throughout the house, some a light reddish
brown, others are more green, smaller spots, not too many clumped up or dark
brown/black. I was wondering if I could remove this mold with a bleach
formula and then use Killz and be fine....I am going to do an inspection, but
I am finding that many inspectors can only tell you that there is a mold
problem and not if it is a health hazard (which I wish someone would just
same, it is black mold RUN!). I have also found that many mold websites are
suggesting not to hire a mold specialist to come take a look because all they
will do is tell you that it is mold. My main concern is if it is in the wall
itself or just surface mold. If I could receive opinions on what I should do
in this case please let me know.

This is what I was considering:
(1) remove all the carpet
(2) bleach the walls
(3) apply killz
(4) lay down new flooring

purchase a dehumidifier and air purifier. Instead of hiring a company to
take out all the old drywall and put up new drywall which would cost be $5,
000. The house was built in 1986 and is structurally in pretty good shape,
it is also in a very nice subdivision where all other homes sell for around
$200,000. Please offer some thoughts on this or any experiences that any of
you have faced.

Thank you,

Cherie

After reading all posted replies to your OP, the consensus is that
you need an experienced unbiased (with nothing to sell and with
laboratory facilities) specialist in the mold business. According to
Murphy,s Law (If something bad can happen, it will). If you take on
this project there is risk involved. Be certain that all future buyers
will somehow learn the history and look for a discount in purchase
price to compensate them for their uncertainty.
A successful flip would require your remediation costs to be as your
estimate ( just bleach and paint) and a future buyer to accept the
house as untarnished. If it works out this way you come out fine. But
as Dirty Harry said, "Are you feeling lucky"