I think EDR stands for "Environmental Data Resources".

You’re also going to have customary closing costs, phase 1 environmental report, inspection costs, survey costs.

Department of Treasury with usc exceptionState Tax LienLien by USA or Dept of JusticeUS Department of StateOther Federal AgenciesFrequent Superior Foreclosure-Liens: HOA or condo feesCode Enforcement for debris removal or mowingDemolition or Environmental Based LiensState child support lienBoard of County Commissioners for special assessmentsUtility LiensWater/Sewer Delinquency (only in selected states)County (and/or School/Township) for unpaid taxesCity for road improvements, maintenanceHere are some of the judgment and liens that will be wiped off from the property (not the borrower who lost the title) if the lien holders were properly notified and "had the right to bid on the property at the auction": 2nd and junior position mortgages, such as home equity loans, etc...Credit Card Judgments recorded after the foreclosing mortgagePersonal Judgments recorded after the foreclosing mortgageMechanic's Liens recorded after the foreclosing mortgage

A rather short sighted - both environmentally and economically - view.Most toilet manufactures submit their models for MAP testing.  

Because of the environmental benefits of engineered vs. hardwood, engineered is coming here but it's still early.  

@Jack Martin When you say "we compiled a full DD package on the property" did that include just the financial due diligence (and not the results of a physical inspection and environmental)?

Those legal real estate issues need to be looked and the insurance and environmental concepts will need to be looked at and evaluated.  

You could be looking at major abatement (asbestos, lead, environmental) issues before you start not to mention the structure could be unsound or you could have other major structural issues with changing use including hvac, electric, plumbing, roof, windows and a minor point but how waste is collected.Also, you have to look at sales time for the condos, are new condos in demand in the area?

Bachelors degree in environmental sccence and masters degree in environmental management and  MBA.

If it has to be dug up, he made a recommendation of a company they use called Your Environmental Services.