Site Assessments

Multiple Phase I ESAs (FDIC)

Federal Deposit Insurance Corporation (FDIC)

Texas, Mississippi, Tennessee, Ohio

The FDIC insures loans with banks nationwide. When a bank goes out of business, the FDIC takes over the asset properties securing the debt. Sometimes, the borrower defaults on the loan and the FDIC becomes the owner of the property. When this happens, the FDIC requires that a Phase I ESA be performed on the property before it can be put up for auction. The properties that the FDIC owns range from commercial/industrial, residential and undeveloped lands. To date, dse has completed Phase I ESAs on twelve FDIC sites in Texas, Mississippi, Tennessee, and Ohio.