innocent purchaser defense; bona fide prospective purchaser defense

Many attorneys on the business and legal sides of transactions involving the transfer of real property have developed working knowledge of the primary purposes of performing Phase I environmental due diligence: (1) gain information on the environmental conditions of a property; (2) establish defenses to CERCLA liability; (3) secure lending; and (4) secure insurance.

Many attorneys are also generally familiar
Continue Reading Environmental Due Diligence: Basics For Real Estate Attorneys — Part I: What is a REC, Anyway?