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#444271 - 03/15/15 11:27 AM Environmental Phase II reports
916Realtor Offline
Member

Registered: 04/10/06
Posts: 80
Loc: Sacramento, CA
How long are these good for? If a lender requires one, will one from a previous sale still work or will they require a new one to be completed?

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#444446 - 03/22/15 06:36 AM Re: Environmental Phase II reports [Re: 916Realtor]
Pikes Peak Offline
Major Contributor

Registered: 12/15/04
Posts: 2799
Loc: FL
You can do a limited phase 2, a full phase 2 or a phase 1 study. With a previous full phase 2 you might only need a limited phase 2, depending on what the buyer and lender require.
I look at them like title insurance or appraisals. Lenders and buyers insist on a current evaluation.
We used phase 2's on our right-of-way purchases for every parcel.

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