Community | July 15, 2009 | 7 comments

Mold, Lead, and Leftover Meth Causing Heartache for Homeowners

source: http://moneywatch.bnet.com/saving-money/blog/home-equity/mold-lead-and-leftover-meth-causing...

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If you’re allergic to black mold, living in a house that has black mold hidden in the walls could actually kill you.

Lead paint, still found in old houses built and painted before the 1970s era law that removed lead from paint, can cause brain damage and learning disabilities in kids.

But what do you do about the thousands of houses that were former methamphetamine labs? According to a story in the New York Times, home buyers who purchase houses formerly used as meth labs could find their health and wealth damaged by leftover drug residue that has seeped into the walls and floors

Read the full article on my CBS Money Watch blog by clicking here.

Going forward, what happens to former meth lab houses that become part of a new wave of foreclosures? Will it be the bank’s responsibility to let buyers know that the house comes with its own unique set of problems?
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7 comments // Mold, Lead, and Leftover Meth Causing Heartache for Homeowners

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