In an interview with NPR’s Steve Inskeep  about the Iran nuclear deal, President Obama showed that he understands the importance of conducting a Phase I Environmental Site Assessment prior to purchasing a property, to make sure there are no “environmental disasters” on the land.

 

“The analogy I used is it’s sort of like you’ve signed a contract to purchase a home, but you’ve still got the, you know, the appraisal, the inspector, you’ve got to make sure that there isn’t some kind of environmental disaster on the land. And until you actually sign, you know, that mortgage and that document, the deal is not closed.”

 

_{Full interview: www.youtube.com/watch?v=p_T8rSmgMWQ}

_{Transcript:  www.npr.org/2015/04/07/397933577/transcript-president-obamas-full-npr-interview-on-iran-nuclear-deal}