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[B250]Beautiful Homes Great Estates
by George Graham, Geo

All you have to do is watch the news and you know about mold problems. We hear about Ed McMahan suing because his moldy home killed his pet dog. We also hear about Erin Brockovich and Sandra Bullock's problems with their brand new moldy home.

* Mold has been traced to people dying in moldy homes.

* Mold has been proven to be the leading cause of sinus infections

* (Mayo Clinic 1997) http://www.mayo.edu/proceedings/1999/7409a1.pdf

* Mold will destroy the wood in a house.

* Mold loves to grow on wallpaper and drywall.

* We have actually seen it grow on glass.

People have had to move out of these houses. Sometimes even letting the bank take back the house because repair costs are prohibitive for most homeowners. As we all know, the home insurance policies aren't covering these damages any more.

Not all people stuck with these problems give their homes back to the bank. But many times they are motivated sellers. And people who invest in real estate love motivated sellers.

Before now, divorce created most of the motivated sells. Move over quarrelling couples.

But the title of this article tells us that mold creates a great investment. How can that be true if mold destroys the health of the homeowner?

The answer is that mold can be fixed inexpensively.

The people who want to move out have been told that it will cost up to $80,000 to get their home fixed. Some people actually do spend this money and find out they still have the mold problem.

Because most mold abatements are made by construction companies. Many of these companies are “mold specialists” because they have taken a 3 day weekend class. It takes a Mycologist up to 8 years of college to learn the minimum amount of knowledge required to understand mold in the home.

Eight years versus 3 days. HHHmmmm !

Knowing how to tear down walls isn't the same thing as knowing how to eliminate mold.

So if someone hesitates at paying these unreasonable prices, they become a motivated seller.

Opportunities are made from these problems.

Want to find these houses? Go to your bank's home loan office. Advertise in your paper. They are everywhere.

Of course, you don't want to buy just every house. You just want sick houses, not dead houses.

* Go into the crawlspace and stick a screwdriver into the floor joists. Are they rotted?

* Look at the dry wall is it just green or is it falling apart?

* Is the roof sturdy? Can you see light coming through holes in the roof?

* If the building isn't falling apart, you have a "diamond in the rough."

* Contact a mold specialist. A Mycologist, not a contractor. They can walk you through eliminating the mold, step-by-step.

* We know a family quoted $80,000 to fix a moldy home.

They solved the problem for 85 cents. That house just needed some duct tape on their A/C ductwork to cover up cat scratches.

* Most repairs aren't that cheap. The average house is around $2000 to do an $80,000 repair.

Contractors also tend to spray chemicals that are more dangerous than the mold. They will often say something like this - "Its EPA approved."

My old EPA law instructor said that EPA approval just means that it won't kill MOST people.

A Mycologist will use something that kills the mold but won't hurt the homeowner. Mycologists are aware of the effect of these chemicals on people.

It is a matter of focus. Are you focused on the house [an inanimate object] or are you focused on people?

If you can buy a house worth $100,000 for $30,000 and fix it up for $2,000 there is $68,000 profit. Rent the house or sell it for a profit. They find another moldy home and do the same thing again and again.


Homebuyers these days are wary of investing in a real estate market that offers little in the way of sure bets on good values, so if you're going to be buying a new home anytime soon, the first thing on your mind will be getting the lowest price possible. And currently, no other type of property allows you to buy lower than California foreclosure homes.

California has long been an extremely desirable location for homebuyers, but the recent struggles in the market would cause anyone to think twice before making such a big financial commitment. But California foreclosure homes offer the opportunity to buy at a discount, sometimes as much as 50% below market value, simply because they are being sold as repossessions.

And the market for California foreclosure homes has truly never been better. The state is home to the largest foreclosure inventory in the nation, with over 50,000 properties currently available. This incredible volume creates an optimum opportunity for investment, as more homes on the market means lower prices, and buyers from San Francisco to San Diego have been finding huge deals.

Buying California foreclosure homes may be one of the few ways left these days make sure that you're making a worthwhile investment in a home. When you're buying below the value of already extremely low property values, the potential for future gain is incredible. If you're interested in, try searching for California foreclosure homes with ForeclosureSupport.com. their easy to use service makes targeting the types of properties you want simple, and they also provide great market information that can help guide you to the best purchase possible.
Article Source : Pg. 12

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Both George Graham & Joseph Smith are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

George Graham has sinced written about articles on various topics from Property Investment, Foreclosure Help and Family Concerns. . George Graham's top article generates over 60500 views. to your Favourites.

Joseph Smith has sinced written about articles on various topics from Foreclosure Help, Real Estate and Foreclosure Help. Joseph Smith has been educating buyers on the finer points of purchase at Foreclosure-Support.com for over four. Joseph Smith's top article generates over 3350000 views. to your Favourites.
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