Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago on .

DPS (Downgradient Property Status)
Has anyone purchased or sold a property with DPS (Downgradient Property Status) filed on it, because of environmental contamination from an upstream property? I'm in Massachusetts, if that makes a difference, but I'm wondering what are the requirements for a new owner to be able to file a modification to gain the protection of the DPS status? Do you have to hire an environmental engineer if the DPS is already in place, and the new owner is simply administratively adding their name to the DPS filing status? TIA
LikeComment