Hey Folks,Looking at an otherwise solid REO buy (for flip) on what appears to be a corner lot- come to find out the yard "on the corner" is a parcel owned by the next door neighbor and is "possibly contaminated"... former laundry mat burned down there some 15-20 years ago and between back taxes and possible contamination, it hasn't been touched.

Could be potential contamination but an Enviro inspection can take care of that.

The quote took longer than expected (1 day pass inspection period), and once my client viewed the quote, we know there was no way they were going to fork over $12,000 to fix contaminated water.

Abrasive blast, shot-blast, water jet or mechanically abrade concrete surfaces to remove laitance, curing compounds, hardeners, sealers and other contaminants and to provide a minimum ICRI-CSP 5 surface profile.

The rest of the house had *every* surface covered in mold - so much so that there was even contamination of the exterior shingles.We got a quote from a local mold remediation company for $6,000. 

View report*This link comes directly from our calculators, based on information input by the member who posted.Hi Bigger Pockets,I'm reviewing this property that is BACK ON THE MARKET.It was Under Contract BUT, seems the Buyer had a Soil Contamination Test and it FAILED according the NJDEP.The Soil Report suggests needing the Oil Tank Removed (est $1750 online research) + having Soil Contamination fixed to withinNJDEP limits.

Mathematicians at the Max Planck Institute calculated that nuclear events as bad or worse than Chernobyl, Three Mile Island, and Fukushima will occur once every 10 to 20 years (based on the current number of reactors which was 440 at the time (2012), we have 447 now with 150 or so more currently being built)):https://phys.org/news/2012-05-probability-contamin...I’m sure these findings have been argued against by those that want us to believe nuclear is 100% safe.

That's because they can be dragged into liability for damage due to any contamination.

Any chnace there are any soil contaminations?

There are brownfield specialist buyers and EPA contamination site buyers that focus on it