A Saginaw Michigan home is on the chopping block for under two dollars according to a recent Associate Press story running nationwide. Read story here. Some times a town will not take a property for tax title due to delinquent taxes because of tainted soil or environmental issues. I know of a piece of Maine land that had PCB contamination due to old electrical transformers stored on the property that had leached into the soil and could affect the ground water quality. Town attorneys sometimes advise muncipalities NOT to take title to the property and finish the tax acquiring process due to liability the new owner takes on. The super fund of the Department Of Environmental Protection kicks in to clean up many contaminated sites. But like kryptonite, sometimes you do not want to avoid foreclose and yanking back the title to a diseased property. As a Maine REALTOR, I run into homes with asbestos siding that needs removal, especially in a case where the home is being torn down for the building lot around it. Getting a dumpster with a special liner and step by step removal in compliance with Maine regulations is the only way to go. Learn about information on asbestos removal in Maine. Before you buy or sell a home with asbestos or any other hazardous waste product in it, find out about removal ordinances that get stricter and change often. Find out before you get into hot water.
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