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Environmental Consulting Helps REO Portfolios Minimize Risk 
Real estate owned properties provide bargains for real estate investors, allowing them to snatch 
up undervalued properties at low prices. They can be tough for banks to unload, as many have 
serious structural or environmental problems. Environmental management services can help 
holders of REO properties do the environmental work needed to sell these properties to 
investors. 
What Are REO Properties? 
REO properties are properties owned by lenders. The buyers of the property were unable to meet 
mortgage requirements, and the lenders foreclosed on them. However, the lenders were unable to 
sell the properties at auction, typically because the amount owned on them was greater than the 
value of the property. As a result, the banks and other lenders are stuck with the property. The 
mortgage service of the property, usually the bank that approved the mortgage on the property, 
will be responsible for safeguarding it and making it ready for sale. 
REO properties are typically in bad shape and will need rehabilitation to comply with building 
and upkeep codes, and to make them attractive for sale or rent. Common rehabilitation tasks will 
include securing the property, removing debris, cutting overgrown grass, roof repair, and 
safeguarding any swimming pools. 
Environmental Issues 
In addition to these tasks, owners of REOs will likely have to deal with environmental issues. 
Many REO properties have issues such as water or mold damage, chemical spills, hazardous 
waste, etc. that may make them dangerous. Leaving these issues unresolved can impact the rental 
or resale of the properties and could also result in legal liability. 
Some typical environmental issues in REO property include: 
Mold and water damage 
Former use as a meth lab 
Asbestos 
Lead paint 
Oil or fuel tank removal 
Biological hazards 
Hazardous chemicals 
Septic problems 
Contaminated wells 
Gas leaks or related problems 
Using an Environmental Management Consultant
Working with an environmental consultant can help holders of large REO portfolios handle the 
burden of dealing with environmental remediation issues. With a consultant’s services, holders 
of large REO portfolios can ensure properties have been thoroughly examined, and that needed 
remediation has been done in a cost-effective manner. 
Environmental management consultants can: 
Provide necessary training and education to clients concerning environmental issues with 
REOs. 
Ensure that liability from environmental hazards to clients is minimized, and that 
properties meet state, local and federal rules. 
Evaluating properties and suggesting appropriate remediation action. 
Help find contractors to complete environmental remediation work, lending an expert eye 
to the selection process. 
Working with environmental regulators to provide all necessary documentation and to 
answer questions they may have. 
Overseeing environmental remediation to ensure the job is done properly. 
EBI Consulting has worked with many holders of large REO portfolios to help them get 
properties up to par at a minimal cost. The company has a database of experienced, cost-competitive 
contractors with a good work history in remediation. REO portfolio holders should 
take advantage of the expertise offered by this environmental management consulting firm to 
quickly unload REO properties.

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Environmental Consulting Helps REO Portfolios Minimize Risk

  • 1. Environmental Consulting Helps REO Portfolios Minimize Risk Real estate owned properties provide bargains for real estate investors, allowing them to snatch up undervalued properties at low prices. They can be tough for banks to unload, as many have serious structural or environmental problems. Environmental management services can help holders of REO properties do the environmental work needed to sell these properties to investors. What Are REO Properties? REO properties are properties owned by lenders. The buyers of the property were unable to meet mortgage requirements, and the lenders foreclosed on them. However, the lenders were unable to sell the properties at auction, typically because the amount owned on them was greater than the value of the property. As a result, the banks and other lenders are stuck with the property. The mortgage service of the property, usually the bank that approved the mortgage on the property, will be responsible for safeguarding it and making it ready for sale. REO properties are typically in bad shape and will need rehabilitation to comply with building and upkeep codes, and to make them attractive for sale or rent. Common rehabilitation tasks will include securing the property, removing debris, cutting overgrown grass, roof repair, and safeguarding any swimming pools. Environmental Issues In addition to these tasks, owners of REOs will likely have to deal with environmental issues. Many REO properties have issues such as water or mold damage, chemical spills, hazardous waste, etc. that may make them dangerous. Leaving these issues unresolved can impact the rental or resale of the properties and could also result in legal liability. Some typical environmental issues in REO property include: Mold and water damage Former use as a meth lab Asbestos Lead paint Oil or fuel tank removal Biological hazards Hazardous chemicals Septic problems Contaminated wells Gas leaks or related problems Using an Environmental Management Consultant
  • 2. Working with an environmental consultant can help holders of large REO portfolios handle the burden of dealing with environmental remediation issues. With a consultant’s services, holders of large REO portfolios can ensure properties have been thoroughly examined, and that needed remediation has been done in a cost-effective manner. Environmental management consultants can: Provide necessary training and education to clients concerning environmental issues with REOs. Ensure that liability from environmental hazards to clients is minimized, and that properties meet state, local and federal rules. Evaluating properties and suggesting appropriate remediation action. Help find contractors to complete environmental remediation work, lending an expert eye to the selection process. Working with environmental regulators to provide all necessary documentation and to answer questions they may have. Overseeing environmental remediation to ensure the job is done properly. EBI Consulting has worked with many holders of large REO portfolios to help them get properties up to par at a minimal cost. The company has a database of experienced, cost-competitive contractors with a good work history in remediation. REO portfolio holders should take advantage of the expertise offered by this environmental management consulting firm to quickly unload REO properties.