As and Short Sale or REO Agent we MUST be efficient at managing several properties at a time and making sure that those properties are being maintained property. Within the last two years, Real Estate Agents and Firms have received a bad rep for not taking care of the properties. Even Agents, who put their best foot forward to convince Asset Managers and Lenders to give more allowance to get repairs done and keep the property in good condition. Unfortunately, agents weren’t always getting the support that was needed to (2 comments)
modesto: Path To Homeownership: Home Insurance - 01/29/08 03:46 PM
As a homeowner, you can legally own a home and not be insured. However, most lenders require for a future homeowner to have insurance coverage. The owner of real property runs the risk of financial loss due to circumstances which are beyond their control. Lenders need to protect their investment in your home in case your house burns down or is badly damaged by a storm, tornado or other disasters. Other perils that can result in property damage are hail, windstorms, smoke damage, explosion, earthquake, riot, glass breakage, and building collapse. The area that you reside in will determine the type (4 comments)
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