Beware of toxic mold in foreclosures

It’s not uncommon to find toxic mold in foreclosed homes. Some cases are innocent, while some are not. “There are people who have flooded their own homes and walked out,” says Paul Ramsey of RTS Environmental Services. Potential buyers should do their homework before investing in a foreclosed home. Mold is not always obvious, it […]

Congressmen seeking drywall deduction from IRS

Lawmakers have contacted the IRS regarding a toxic drywall deduction. Congressmen Mark Warner, Jim Web, Bill Nelson, and Glenn Nye wrote Floyd Williams at the IRS seeking help for homeowners whose property has been damaged by the drywall from China. The lawmakers believe toxic drywall losses should qualify as a “casual loss” deduction […]