REO insurance/force placed insurance

REO insurance, force placed insuranceHomebuyers, bankers and other real estate associates are usually familiar with most of the insurance policies available for various properties. From homeowner's insurance to hazard coverage, every property must have a policy to cover any damages that might occur over the years. However, real-estate owned (REO) properties, are normally vacant and vulnerable to theft and vandalism. Although many people might believe that REO insurance is only available to lenders, there are other property administrators that can also utilize this type of coverage.