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Home / Opinion Digests / Environmental – CERCLA – Foreclosure Sale Purchase – Security Interest – 'Commercially Reasonable' (access required)

Environmental – CERCLA – Foreclosure Sale Purchase – Security Interest – 'Commercially Reasonable' (access required)

Where the bank, had a security interest in the 217-acre tract as collateral for a loan to the original owner, but after that owner, who dumped hazardous waste on the property, defaulted on the loan, the bank purchased the land as the sole bidder at a foreclosure sale and several months later sold it to ...

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