Commercial real estate foreclosures are going up and experts say they will continue to increase for the next two to three years. Banks face difficult times in foreclosing on commercial and industrial properties, because if they are not careful they could end up owning contamination that would cost more to clean up than the value of the property. Sure there are ways to stay out of that liability loop even during foreclosure, but the banks have to be very careful to make sure that they do everything according to CERCLA guidelines to retain that liability protections.
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