Posted by Becky IL on August 20, 2001 at 15:40:28:
I second Mark!!
If there is any contamination of the soil or water table you’ll have headaches with the EPA and the State Water Board for years to come, not to mention it’ll bankrupt you. I used to handle commercial insurance claims involving situations like these (in my past life) and it takes years and hundreds of thousands of dollars to clean it up, and, you won’t be able to sell the property!!!
Before I would even consider buying, I would have the soil tested or, at least, my sales contract would have a contingency in it regarding same.
Same thing with the asbestos. You will need licensed contractors for the asbestos clean up and this could be costly as well. I think I’d pass on this one.