Environmental
In Virginia, a buyer who discovers post-closing that the property has underground oil contamination that the seller concealed may:
AOnly negotiate a repair credit
BSeek rescission, damages, and potentially pursue CERCLA or Virginia contribution claims✓ Correct
CFile a claim with VREB only
DDo nothing — all property sold as is
Explanation
Concealing known environmental contamination is fraudulent misrepresentation. The buyer may seek rescission and damages in Virginia courts, and CERCLA may allow contribution claims against prior owners.
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