Purchasing Properties on an EPA Superfund Site

[Eric Meyer]

I’ve been analyzing some off market deals that my Agent presented to me and a couple of them make sense to look at and make offers. Well today it was announced that the EPA has found lead contaminated ground. The contamination came from a old smelting plant. The EPA planning to do more testing and start the remediation efforts. The smelting plant was shutdown in the 80’s. Now my question is, has anyone or would anyone invest in a superfund site? I figure this would be devastating to property values but over time the contamination would be cleaned up and everything would go back to normal. Any recommendations or experience is welcome. Thanks