Lack of disclosure: Is mold an issue?

When a person sells a home, regardless of the location, one has the obligation to provide the buyer with a disclosure. This is meant to give potential buyers more information on the property, including issues that may have been dealt with in the past as well as those that currently exist.

Mold is one of the biggest buzz words of the real estate industry. No matter why you are facing this problem, you must realize one thing to be true: It is extremely serious.

Mold can lead to a variety of health consequences, including but not limited to headaches, respiratory problems, stuffy nose, and allergies. On top of this, mold can impact the resale value of a home or other type of property.

In addition to a lack of disclosure, you may be able to take action against a landlord or condo board if he or she does not take the necessary steps towards resolving this issue. Nobody wants to get caught up in mold litigation, but dealing with the problem on your own or ignoring it altogether is not a fair alternative.

If you recently purchased a home in which mold was hidden from you, it may be time to learn more about your legal rights. The same holds true if your landlord refuses to address this serious issue.

There is a lot of information available concerning mold, including its place in the real estate industry. If you want to learn more about this, our website is a good jumping off point. Our webpage entitled "New York City Mold Litigation Attorneys" provides all the basics.