Asbestos Siding Liability

[Thomas Price]

Hey All,

Quick question. I am doing analysis on a possible good deal. I can get for under $10k and arv is $70k +. It has asbestos siding which I was told by my inspector that we are ok if we either paint it or side over it. My question, without being charged an hourly fee from my atty, is what is my liability on not removing the siding? We will do full disclosure I'm just wondering about the likely hood this could come around again years down the road. Or am I just making too much of it?

Thanks in advance!!

[Rob K.]

I don't think you have anything to worry about. Many houses have asbestos siding. It's only harmful if it's flaking. I don't even know if you would need to disclose its presence. It would depend on your state. I never disclose it. If you're worried about it, you could side over it - problem solved.