Determining the Actual Value of Impacted Properties

Initially, impacted properties do have reduced value—but sometimes, that is exactly what can make them strong investment opportunities. Because if the environmental impact can be quantified, the value of the property (including the impact) can be appraised. Decisions regarding the purchase price, loan amount, loan to value, resale potential, and overall credit decisions can all… Read More...

Lender Liability and the Financing of Impacted Properties

In 1986, Congress passed an amendment to Superfund known as the Superfund Amendment and Reauthorization Act (SARA).  This amendment incorporated a very commonly used phrase: “all appropriate inquiry consistent with good commercial practice”—a phrase sometimes referenced simply by the acronym “AAI.” The concept of AAI is based on the ancient principle of caveat emptor (“buyer… Read More...

ERMI is Still Ready to Protect Florida’s Residents and Resources

ERMI is accustomed to taking precautions for potentially hazardous materials. So when Governor DeSantis issued stronger statewide directives last week, ERMI had already made adjustments within our offices that enable us to both operate and comply simultaneously. Most ERMI personnel are fully equipped with home workstations, allowing our work to continue. Some staff report to… Read More...