According to a recent report from RealtyTrac® there were 937,840 foreclosure filings in the third quarter of 2009. This was a 5% increase over the second quarter and a 23% increase over the same quarter in 2008. As more homes go into foreclosure many homeowners are simply walking away from their properties. Some, angry at their situation, are even stripping homes of appliances and fixtures as well as intentionally vandalizing what is left. Homes with broken windows and torn-out plumbing and electrical wiring are nothing new to those real estate professionals that deal with foreclosed properties.
“Once a home has gone into foreclosure it is normal for the water and electrical services to be disconnected,” reported Jeanette Kurtz, Executive Vice President for Global Prevention Services, a leading mold remediation and prevention provider. “These homes are often left abandoned for months at a time with no air circulation leading to elevated humidity and stagnant air that create all types of problems that can lead to mold situations,” Kurtz continued.
Other common problems in these properties leading to microbial growth include garbage and food products left in the home, broken sump pumps, open or broken windows and just overall neglect. These foreclosure problems are not exclusive to single family homes. Many once booming condo projects now sit half empty and a microbial problem in one unit that shares walls and ceilings with surrounding units can have a dramatic negative effect on the neighboring units.
The banks that eventually end up owning these properties have been inundated and overwhelmed in many cases with the sheer volume of homes they now have on their books. Many of these homes are now being sold “as is” by the banks to new homeowners who may not understand the dangers associated with mold contamination and the indoor air quality (IAQ) health issues they can cause.
Global Prevention Services, one of the nation’s largest mold remediation and prevention service providers, has been busy utilizing their PureSpace® Process to help REALTORS®, homeowners, property managers and lenders bring these properties back to healthy conditions.
To learn more about how the GPS® Network can remediate or prevent mold growth in your property, home or business please contact Global Prevention Services at 877.NoMold5, email info@NoMold.com or visit www.NoMold.com. In most cases a free consultation is available.
About Global Prevention Services
Global Prevention Services has been on the forefront of treating buildings with microbial problems and providing preventive mold solutions to residential and commercial facilities. The company currently has relationships with insurance companies, government agencies, school districts, national property management companies and major commercial and residential builders to provide proven and guaranteed solutions.