Question : Do water damage/mold addendums come standard on all forclosed houses being sold by a bank?
How much does a separate mold inspection cost? Here is the first paragraph of the addendum? Do mold inspections tell you if there is only minor mold contamination? How much does complete mold remediation cost on a 2000 foot square house? I don’t know if it’s everywhere?

Seller hereby advises Buyer that the Property (including, but not limited to, the basement) is or
may be affected by water or moisture damage, toxic mold, and/or other environmental hazards or
conditions. Seller further advises Buyer that as a consequence of possible water damage and/or
excessive moisture, the Property may be or has been irrevocably contaminated with mildew,
mold, and/or other microscopic organisms. Buyer is being advised that exposure to certain
species of mold may pose serious health risks, and that individuals with immune system
deficiencies, infants, children, the elderly, individuals with allergies or respiratory problems, and
pets are particularly susceptible to experiencing adverse health effects from mold exposure.
toxic mold remediation

Best answer:

Answer by Bart
yes pretty much they are covering there butts as should you get the inspection prior to closing