Environmental Exposures and Lender Concerns

Managing Risk (cont.) Why an Environmental Assessment? . • . . To access the innocent landowners defense under Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) To assess environmental liability and cost issues To quantify the extent of contamination and determine costs before/after purchase for use in negotiations To identify existing or potential environmental hazards To identify whether or not a neighboring property has the potential to impact the subject property To determine if further investigation is required 26

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