Primary Practice Policies
As reluctant recipients of residential and commercial projects as a result of foreclosure, lenders are increasingly finding themselves taking on the liability exposures typically confronted by property owners, sellers, developers and landlords. REO (real estate owned) properties can present significant risks and whilst it is easy to preserve the value in completed homes and inventory it is more difficult to preserve value in partially completed projects, finished lots, blue tops or entitled land.
Our program provides:
- An assessment of asset condition,
- Legal support,
- Insurance and
- Marketing & sales.
The Insurance products provide not only liability insurance on the work required to complete the project, but also the work that’s already been done. In addition we can also provide property and liability coverage for vacant or partially complete inventory, plus course of construction insurance.
For further information please contact Paul Jansen or Chris Harris