A follow-up environmental investigation triggered when a Phase 1 ESA identifies recognized environmental conditions (RECs). A Phase 2 ESA involves physical sampling of soil, groundwater, or air to con
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A follow-up environmental investigation triggered when a Phase 1 ESA identifies recognized environmental conditions (RECs). A Phase 2 ESA involves physical sampling of soil, groundwater, or air to confirm or rule out actual contamination — results determine whether remediation is required before a commercial lender will proceed with financing.
← Mortgage & Real Estate Glossary 2026 · Editorial standards
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