Buying real estate is like buying a used car; if you are not careful, you can end up with a lemon. However, unlike buying that used car, purchasing a contaminated property can cost you more than just the purchase price.
Unfortunately, many people discover that their property is contaminated after closing. Pursuing legal remedies after the fact is expensive and time consuming. The remedies can be limited and may not address all potential liabilities. The best way to avoid trouble is to be proactive. Before you purchase a property you should conduct quality environmental due diligence.
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