Steve Meyer Opines on REO Insurance
In the December issue of Servicing Management, Safeguard’s Steve Meyer, assistant vice president of high risk and hazard claims, contributed to an article entitled REO Insurance Remains Consistent Amid Extreme Industry Changes.
In light of recent Hurricane Sandy-caused property damage and an increasing number of REO properties, the article discusses the need for REO inusrance and also what is typical policy coverage. Loan Servicers are now making this a priority.
To view the article in its entirety, please click here for the pdf. The article is located on pages 10-11.
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with more than 1,600 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.