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YAForeclosed Home Purchase Thread.....Buyer BEWARE!...No disclosure required?!

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AlienCraft

Lifer
Meth house (es) do not have to be required disclousure? Well, in fairness some states do, but read down the article a ways and read about Michigan dad who buries his 14 yo daughter after living in a contaminated house for two years. :'(

http://news.yahoo.com/blogs/lookout...family-discovers-home-meth-lab-184815233.html

On the other hand, the meth house remediation business sounds like a growing market if his phone is really ringing all that much. HEY, maybe you could do Chinese Drywall AQND METH House! :colbert: 🙄 😵
 
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Foreclosure property: as-is. While I feel bad for them, the responsibility is on the buyer to know what they're getting into. Generally, you'll save some money with a foreclosure property - put some of that toward an inspection anyway. Find out if there's something major that you're completely overlooking.
 
I'm surprised the remediation costs are so high. A lot has been developed in the last few years geared at encapsulating problems like this.
 
DrPizza said:
Foreclosure property: as-is. While I feel bad for them, the responsibility is on the buyer to know what they're getting into. Generally, you'll save some money with a foreclosure property - put some of that toward an inspection anyway. Find out if there's something major that you're completely overlooking.
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Yeah, I saw that too. I'm more blown away at how widespread they are making it out to be.
 
Holy crap.
Meth houses have residual airborne chemicals that cause all those immediate symptoms?!

That sucks for everyone.

It's not even a known contaminant, like asbestos, radon, lead, etc.
 
edro said:
Holy crap.
Meth houses have residual airborne chemicals that cause all those immediate symptoms?!

That sucks for everyone.

It's not even a known contaminant, like asbestos, radon, lead, etc.
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I KNOW! WTF?!
It's absorbed into the drywall & other building materials to be re-gassed later! And if there was no significant legal action taken (Raid= haz-mat call, or bust) there would be no reason for the seller TO disclose. They may not even know!
 
DrPizza said:
Foreclosure property: as-is. While I feel bad for them, the responsibility is on the buyer to know what they're getting into. Generally, you'll save some money with a foreclosure property - put some of that toward an inspection anyway. Find out if there's something major that you're completely overlooking.
Click to expand...

Not only that, they bought an obvious fixer-upper without an inspection. That's just asinine.
 
iamwiz82 said:
Not only that, they bought an obvious fixer-upper without an inspection. That's just asinine.
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Yeah, that was troubling as well. Although, to be far, there is no guarantee that a normal inspection would have found the meth contamination. If there was no reason to suspect, they would not have known to do that specific test. 😵
 
In Canada it's extremely difficult to find an insurance company to insure an old grow-op or drug lab. I would have thought it was the same in the US.

But then again, if the owners don't know it was one, I guess the insurance company wouldn't know either.
 
AlienCraft said:
Yeah, that was troubling as well. Although, to be far, there is no guarantee that a normal inspection would have found the meth contamination. If there was no reason to suspect, they would not have known to do that specific test. 😵
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Yep, also, most inspectors seem to completely SUCK, not catching anything more than my own mother would see. There's no chance that the inspector would have run a meth test without the buyer specifically asking for it.
 
A typical inspection is not going to pick up on this. It even says in the article:

"Because it was being sold "as is," the couple decided to save their money and skip a traditional inspection, which would have noted superficial repairs but not the chemicals used to cook the highly addictive drug. "In the case of methamphetamine, it's an invisible toxin," Jonathan said."

I guess the lesson learned is when buying a home order a meth test for it? Having just bought a home I can tell you this did not even cross my mind..
 
I don't understand what these contaminants are. I would think it's mostly solvents which I would think would dissipate fairly quickly.
 
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