REO Property Preservation Forum banner
1 - 20 of 42 Posts

·
Registered
Joined
·
588 Posts
Discussion Starter · #1 ·
So I get a work order to bid to clean and paint over the mold with KIlz. When I get to the property the walls are buckling and some of the drywall fell off and you can see the mold on the inside of the wall.
I notified the company that I will not put in a bid to do the work because it is beyond the clean and treat stage. I also stated that do to the possibility of future legal action if it is not done properly we will not even bid it.
They contacted me 3 times telling me that I HAD to bid the way the client wanted.
Sorry but your client isn't the one that will be getting fined and possibly losing their license when the mold is found 4 years from now. I think they got the hint and told me not to bother.
 

·
Registered
Joined
·
2,016 Posts
brm1109 said:
So I get a work order to bid to clean and paint over the mold with KIlz. When I get to the property the walls are buckling and some of the drywall fell off and you can see the mold on the inside of the wall.
I notified the company that I will not put in a bid to do the work because it is beyond the clean and treat stage. I also stated that do to the possibility of future legal action if it is not done properly we will not even bid it.
They contacted me 3 times telling me that I HAD to bid the way the client wanted.
Sorry but your client isn't the one that will be getting fined and possibly losing their license when the mold is found 4 years from now. I think they got the hint and told me not to bother.
What I suggest is bid to have a professional do the bid. We all know what they charge. $500 and up
 
G

·
If you feel cornered into a mold-removal job, I suggest you blame your insurance. Tell the company that gave you the work order that you don't have insurance for mold removal. Perhaps they will accept that answer as opposed to them thinking that you personally just don't want to do the job and that's why they keep hounding you.

Good on you for refusing to do this work. There are long tail liability concerns with mold which is why it is a standard exclusion on General Liability insurance policies.
 
G

·
If a mold expert would team up with a journalist to expose the dangerous cost-cutting game the nationals and banks are playing in relation to mold, then maybe we'd see some progress. If consumers are made aware that foreclosures are being improperly treated for mold, an extremely serious issue, their reaction will put a stop to this practice. Banks won't like it when their properties with mold get a death sentence, so to speak, because nobody will buy them due to fear.

I walked into a property today that had been treated with bleach/kilz for mold a few months ago and I walked out with a major headache. Mold is still there, you just can't see it now.

I would bet everything I have that asset managers and the executives at nationals and everyone below them would NOT be trying to pay contractors $2/sqft or w/e the pay is to bleach and kilz mold in their own home. None of them would try to cut corners to get rid of the mold in their home, because (surprisingly) even though many of them lack intelligence, they are not mentally incapacitated.
 

·
Registered
Joined
·
2,016 Posts
Paradox said:
If a mold expert would team up with a journalist to expose the dangerous cost-cutting game the nationals and banks are playing in relation to mold, then maybe we'd see some progress. If consumers are made aware that foreclosures are being improperly treated for mold, an extremely serious issue, their reaction will put a stop to this practice. Banks won't like it when their properties with mold get a death sentence, so to speak, because nobody will buy them due to fear.

I walked into a property today that had been treated with bleach/kilz for mold a few months ago and I walked out with a major headache. Mold is still there, you just can't see it now.

I would bet everything I have that asset managers and the executives at nationals and everyone below them would NOT be trying to pay contractors $2/sqft or w/e the pay is to bleach and kilz mold in their own home. None of them would try to cut corners to get rid of the mold in their home, because (surprisingly) even though many of them lack intelligence, they are not mentally incapacitated.
This is true.
 

·
Premium Member
Joined
·
3,186 Posts
It is a better news story after the homeowner and his family move into the house and then get sick and nearly die. Before that, most of the media can't be bothered.
 

·
Registered
Joined
·
2,016 Posts
GTX63 said:
It is a better news story after the homeowner and his family move into the house and then get sick and nearly die. Before that, most of the media can't be bothered.
Fremont has many a story on these instances. I've heard of several as well. I just left one in which SG or LPS did a half azzed job that I know wasn't done right. The home has been sitting since 2009 in PPO status. Somebody's about to receive a Huuuuuuge charge back. Mold all over the surfaces through out.
 

·
Registered
Joined
·
694 Posts
Yeah I went into one that had a very moldy basement, and went back a couple months later and someone painted right over the drywall. I continue to report mold on my damage report and say property is not in convey condition as I know mold is still present underneath drywall.
 

·
Registered
Joined
·
2,016 Posts
SwiftRes said:
Yeah I went into one that had a very moldy basement, and went back a couple months later and someone painted right over the drywall. I continue to report mold on my damage report and say property is not in convey condition as I know mold is still present underneath drywall.
We never report the property in conveyance condition. Never. With what they're willing to approve and have us do doesn't cover everything you can be charged back for.
 

·
Premium Member
Joined
·
4,096 Posts
thanohano44 said:
We never report the property in conveyance condition. Never. With what they're willing to approve and have us do doesn't cover everything you can be charged back for.



I always used the word "appearance" A LOT on convey reports.
Or "on the surface" or "visible".


I never marked one as convey ready because of the liability.
 
G

·
You want to hear a Service Company SCREAM?

Buy a cheapo $15.00 mold test kit and show them a picture of the test being done and it FAILS thus its in non-conveyance condition. OMG they will absolutely go ballistic WHY DID YOU TEST? Well duh...it smelled of mold and Why didn't YOU test it?

They will slobber all over themselves since once its uploaded its common information that has to now be shared to the buyer. We went a little further and posted notices on the front door "Caution: Do not enter without respirators due to mold".

Man I had fun!!!
 
G

·
thanohano44 said:
We never report the property in conveyance condition. Never. With what they're willing to approve and have us do doesn't cover everything you can be charged back for.
As of right now, I am adopting this policy!
Way too much liability in putting a stamp of approval on a house that I have only spent 5-20 minutes inspecting, usually in the dark and often in extreme tempatures.

Not that it will stop a house from conveying though. I had a pre-sale that we did at least 5 CC inspections on, severe structural damage due to 20+ years of leaking water, mold, meth?, electrical problems, roof, etc., and they conveyed it to HUD. MTMTNMN gets the house on the REO side & calls me first. THEY CONVEYED WHAT! It took him a couple of months but he actually got HUD to reconvey the property back to the bank. I got 2 more CC orders after reconveyance and finally last week they asked for a demolition estimate.

NOTE TO THE NEWB: Even though this was not my first rodeo by any means, when Matt told me what was coming, I "scrambled all the fighters", knowing that all my previous inspections & reports on this house were going to be scrutinized for mistakes &/or inaccuracies. Turns out all the T's were crossed and I's dotted. I have no doubt that the service company & bank would have pinned this house on me, like it or not, if I had not handled all the inspection & reports the way I did. I got lucky!
 

·
Registered
Joined
·
2,016 Posts
PropPresPro said:
As of right now, I am adopting this policy!
Way too much liability in putting a stamp of approval on a house that I have only spent 5-20 minutes inspecting, usually in the dark and often in extreme tempatures.

Not that it will stop a house from conveying though. I had a pre-sale that we did at least 5 CC inspections on, severe structural damage due to 20+ years of leaking water, mold, meth?, electrical problems, roof, etc., and they conveyed it to HUD. MTMTNMN gets the house on the REO side & calls me first. THEY CONVEYED WHAT! It took him a couple of months but he actually got HUD to reconvey the property back to the bank. I got 2 more CC orders after reconveyance and finally last week they asked for a demolition estimate.

NOTE TO THE NEWB: Even though this was not my first rodeo by any means, when Matt told me what was coming, I "scrambled all the fighters", knowing that all my previous inspections & reports on this house were going to be scrutinized for mistakes &/or inaccuracies. Turns out all the T's were crossed and I's dotted. I have no doubt that the service company & bank would have pinned this house on me, like it or not, if I had not handled all the inspection & reports the way I did. I got lucky!
Why were you going in a house that has structural issues and possibly meth. I hope you're ok or had PPE.
 

·
Registered
Joined
·
2,016 Posts
PropPresPro said:
As of right now, I am adopting this policy!
Way too much liability in putting a stamp of approval on a house that I have only spent 5-20 minutes inspecting, usually in the dark and often in extreme tempatures.

Not that it will stop a house from conveying though. I had a pre-sale that we did at least 5 CC inspections on, severe structural damage due to 20+ years of leaking water, mold, meth?, electrical problems, roof, etc., and they conveyed it to HUD. MTMTNMN gets the house on the REO side & calls me first. THEY CONVEYED WHAT! It took him a couple of months but he actually got HUD to reconvey the property back to the bank. I got 2 more CC orders after reconveyance and finally last week they asked for a demolition estimate.

NOTE TO THE NEWB: Even though this was not my first rodeo by any means, when Matt told me what was coming, I "scrambled all the fighters", knowing that all my previous inspections & reports on this house were going to be scrutinized for mistakes &/or inaccuracies. Turns out all the T's were crossed and I's dotted. I have no doubt that the service company & bank would have pinned this house on me, like it or not, if I had not handled all the inspection & reports the way I did. I got lucky!
HUD sometimes conveys properties like this.
 
1 - 20 of 42 Posts
Top