REO/Foreclosure Insurance. Fire, floods, vandalism, and other unexpected perils will further decrease your property’s resale potential. Until you can equitably dispose of the real estate, protect it from uninsured hazard loss with van Wagenen’s REO/Foreclosure Insurance.
Mortgage insurer may help. In a foreclosure, the mortgage insurer reimburses the servicer and investor for their losses. This means that mortgage insurers are motivated to negotiate workouts with borrowers who have fallen behind on their payments. Alan Goldberg, vice president of homeowner assistance for mortgage insurer Genworth,