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Environmental Issues
When purchasing a piece of
property, it is important to be aware of any environmental liabilities
associated with it. For example, you should find out if there are any
registered underground tanks within several miles of the property, any known
contaminated properties in the neighborhood, or any property owners who have
been fined by the government for failing to meet environmental safety
standards.
Before, it took a costly site investigation for the information, but now
there are online environmental databases available at a fraction of the
cost. Anyone can access reports on otherwise hard to detect environmental
issues. With these databases, it is possible to obtain a listing of hazards
near a property, or spills and violations attributed to businesses nearby.
Some reputable databases include VISTA Information Systems, located in San
Diego, California, which allows you to register and search the data bank for
free, and E Data Resources, which is located in Southport, Connecticut.
These services are all relatively inexpensive, but can provide you with
priceless information that is useful before you make a purchase.
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