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This mold might be your key to a great deal
Most home buyers run at the sight of mold.  And I agree in many cases you should run.  If you can't afford to fix the cause of the mold or afford to re-mediate the mold correctly you should run.  Many times it can become a major project because the mold has come down the walls and is behind the walls.  Those types of projects can become nightmares because you don't know how bad the mold is behind the walls.
But mold in the basement is one area, I think should not worry all Michigan home buyers.  If you and your family member don't have allergies or asthma this might be a problem that can be corrected.   If you have allergies or asthma you should stay away from homes with mold.
 
I think there is opportunity to buy a home at a great price is when the sump pump backs up and floods the basement.  When Michigan home owners walk away from their foreclosed house they shut off the electricity.  Sometimes the bank doesn't even know the homeowners have left.  So when it rains the sump fills up, the basement floods, then the mold starts to grow.  This is what you seeing in ... more

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