A Sellers Bad Cover up

[Peter Mckernan]

Hello everyone,

So, I just recently bought a new rental property and this property has two dwellings on the property. The front is a three bed/one bath and the back is a one bed/one bath that is attached to the garage. At the time of purchase and inspection there was a tenant that was leaving in the back portion and has recently moved out, and once she moved out I noticed that there was mold on the drywall in two different areas of the studio. So, I quickly went to my insurance and also had a PM that deals with mold restoration come out to assess the situation, and they both advised me that the mold/damage was old and also showed me that it had obvious signs of pervious fixes with no success.

I am making assumption that this sometimes happens and there is a way to go about the process of recouping the money from the sellers, but I am not sure how to go about it since this is my first time dealing with this type of situation. So far I contacted my real estate agent about the issue and today she will be getting in contact with the seller's real estate agent to let her know what is going on. I have the inspection report that shows some areas that indicated moister and it was covered up by paint, but this wasn't even the worst spots. How hard will be to get money from the sellers and will I ultimately need to get a lawyer involved?

Thanks in advance,

Peter