The cost of Mold can be extremely expensive to repair. There are more litigation cases which have arisen because of individuals who have allegedly suffered illness due to mold. One of the major causes of mold is standing water. Mold is a serious issue and needs to be addressed. If you are planning on putting in an offer on a home where there may be mold present, please note that in order for financing to take place the mold issue must be taken care of prior to the funding of the loan. Because Mold is a health issue, lenders are not allowed to fund the loan until it has been removed and an inspection is done to varify that. Either the seller of the home or the buyer must pay to get the mold removed, so this would be something that needs to be addressed up front.