Mold Remediation in a Town Home
Working on a deal in Williamsburg Va. It is a REO that has been vacant for 12+ months; and this is a first for us, we had to sign a mold disclosure before entering the property. We were not scared of mold remediation in single family homes; in fact, we welcomed it. However, this is a town home with an adjoining property. We are concerned with the mold in the attic and walls shared by the adjoining property. Could the adjoining owners in the future become sick and say it is a result of the mold? If so, would we be liable? I know this is a legal question and we will need to consult a lawyer to be safe if we decide to move forward. Has anyone in the BP community dealt with a similar scenario and if so what advice can you provide? The deal has great potential but a law suit would be devastating to our new business venture.