Environmental
What is an 'environmental lien' and how can it affect a real estate transaction?
AA lien placed by a homeowners association for landscaping violations
BA lien that a government agency may place on contaminated property to recover cleanup costs, potentially affecting the property's title and marketability✓ Correct
CA lien for unpaid environmental permit fees
DA private lien placed by environmental consulting firms
Explanation
An environmental (or Superfund) lien can be recorded against a contaminated property by the EPA or state environmental agencies to secure reimbursement of cleanup costs. Environmental liens can cloud title and complicate or prevent property sales until resolved.
Related California Environmental Questions
- Under California law, a seller must disclose if a property is located in which of the following natural hazard zones? (Select the BEST answer.)
- A California seller's agent discovers that a property is located within a Special Flood Hazard Area. The agent must:
- Underground storage tanks (USTs) are a significant environmental concern in real estate primarily because they can:
- Asbestos is most hazardous in real estate when:
- Which federal law requires disclosure of lead-based paint in homes built before 1978?
- California Proposition 65 (Safe Drinking Water and Toxic Enforcement Act) requires businesses to:
- CERCLA (Superfund) holds which parties liable for hazardous waste cleanup costs?
- What is 'electromagnetic fields' (EMF) and why might it be relevant in a real estate disclosure?
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