BLDI’s new risk management tool for Bank Workout and Foreclosure:

Due to the increased work load in bank workout and foreclosure, BLDI Environmental Engineering (BLDI) has developed a low-cost risk management tool that can greatly increase the efficiency of determining whether properties should be addressed through foreclosure, sold through an auction, short-sold or simply abandoned.

Provides a quick, low-cost assessment of environmental risk:

• Low cost – for only $490 ($465 if ordered online) we can provide an initial snapshot of the environmental status of a property
• Fast turnaround – BLDI guarantees delivery within 10 Business Days or Free!™
• Assesses the risk of a recognized environmental condition on the property
• Provides a budget estimate of likely follow-up environmental work

• Provides easy-to-understand risk ratings for quick assessment:

  • Low Risk (1): Recognized Environmental Conditions Unlikely
  • Moderate Risk (2): Possible/Probable Recognized Environmental Conditions*
  • High Risk (3): Recognized Environmental Conditions Likely/Identified*

• Full cost of the Environmental RiskScan™ is rolled into the cost of a Phase I ESA (if required)

• Easy to order by phone, by fax, or online

Process involves an offsite analysis of available data – no site access needed:

After reviewing at least the following information, BLDI will provide an environmental risk rating which will allow bank personnel to quickly decide the next step in the workout process. The information gathered for the property includes the following:

• Superfund, Part 201, RCRA, Brownfields and others
• MDEQ UST/LUST Information
• MDEQ Hazardous Waste Generator Information
• Fire Insurance Maps (when available)
• City Directory Abstracts (when available)
• Aerial Photographs

Each Environmental RiskScan™ is performed by BLDI staff with expertise in this area:

Our expert staff of professional engineers, geologists, and scientists has considerable experience working with bank Workout/Special Asset Groups since 1991.