A real estate deal gets rejected after an environmental study reveals $4-10 million in soil remediation costs. The seller holds first position on the lien, so the buyer eats the bill. The seller knew about the contamination and didn't disclose it.
Are you in the deal room? So go ahead and let's, let's read what it said here to Dallin. And what I'll do is I'll have you just copy this, take it over to the other email, and then we combine those two emails and send it back to Dallin and say, we're not interested in anything with this that has the seller in first position based on this information. Okay. You can dictate. Ready, set, go. So we just did a short study on the environmental and realized that there's going to be between $4 and $10 million worth of remediation that has to occur. And that's not going to happen with the sellers being in a first position lien. They're fully aware of the condition of the soil, and it was never discussed in person. So we're really surprised at, at how the brokerage handles this without conveying it in any kind of advertising.
