Environmental laws have far-reaching and
potentially costly and even devastating repercussions for unwary owners, investors or
lenders of real property that may have been contaminated by hazardous substances.
Any significant real estate transaction
should include, at a minimum, an environmental Phase I Assessment to evaluate the
condition of the property with respect to the presence of hazardous substances. This could
impact the developer, owner, lender and potential buyer since property valuation could be
adversely affected by the presence of hazardous substances.
Phase I Environmental Assessment evaluates the past and current uses of the
property to determine any incidents involving hazardous substances, and reduces
the likelihood that any party would unknowingly purchase, sell or finance a
property that had been impacted by hazardous substances. It also helps avoid the
potential for costly litigation and/or responsibility for site cleanup costs.
Integrated Resources, Inc.,
provides highly trained Environmental Professionals for Phase I Site Assessments.
Our firm is qualified to perform Environmental Assessments to Fannie-Mae and ASTM standards. We carry
$4,000,000.00 in Professional Errors and Omissions Insurance.
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