Old gas station property ?????

[Mark Bradford]

I'm wondering if anyone has been involved in buying a property that has been "cleaned up" by a state department of environmental management. I'm in the state of Indiana. So IDEM has spent time removing tanks and top soil for a clean bill of health. If I ask the state this question I get different answers. But I'm wondering if I purchase the property then do I take all liability in the future. Example if the state says it's clean and you can do x,y but not z on the property and I do that (only x and y). But the state or someone tests the soil years later (while I own it or while I'm selling it) and they find to high of contaminants left from the gas station clean up am I liable? Any dialog on this topic would be great. Thanks in advance

[Shawn Holsapple]

I think most people shy away from these.  One would "assume" that it's good and no future liability.  I know most times it has to be disclosed if the site was a former station and may be a tough sale in the future.

My knee jerk reaction is to pass and go with a few nice SFH rentals/lease to own homes in Greentown!