REO

In conjunction with Underwriters at Lloyd’s of London, we have developed an exclusive product that helps the lender or a new investor make an informed decision on a previous REO project.

REO

Being reluctant recipients of residential and commercial projects after foreclosure, lenders are increasingly finding themselves taking on the liability exposures typically confronted by property owners, developers and landlords.

REO (Real Estate Owned) properties present significant risks to the new lender/investor from trespassing; property damage; construction defect issues plus difficulty in preserving the value in partially built projects.

  • Program aimed at:
    • Lenders who are completing projects
    • Builders who are completing projects on behalf of lenders
    • Builders/Investment funds who have purchased the assets from banks
  • Will consider partial and fully complete projects / units
  • Provides prior work coverage back to original project start date
  • Is not excess over any other insurance on the project
  • Flexible program able to accommodate multi-states; multi-construction type and multi-gcs
  • Competitive premiums

Application form (.pdf)

JH Intermediaries Ltd
One America Square, London EC3N 2LS

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