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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, known contaminated properties in the neighborhood, or
property owners who have been fined by the government for failing to meet
environmental safety standards.
Before, it took a costly site investigation to acquire this
type of 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
list 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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