Topic: E O Insurance for Real Estate
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Answers to Common Questions
What does R E O mean in real estate?
REO is an abbreviation for Real Estate Owned and refers to property which is in the possession of a lender as a result of foreclosure or forfeiture. Read More »
Source: http://wiki.answers.com/Q/What_does_R_E_O_mean_in_real_estate
How to Change E&O Insurance
As an insurance producer, you are required to maintain at least a minimum level of Errors and Omissions (E&O) insurance coverage. This type of insurance policy is intended to protect you and your clients in the event that you are held respo... Read More »
Source: http://www.ehow.com/how_5815263_change-e_o-insurance.html
How to Obtain E & O Insurance in Georgia
Obtaining E & O, or errors and omissions, insurance in the state of Georgia involves contacting a qualified insurance agent or broker and soliciting a quote. E & O insurance is usually part of a professional liability policy and insures aga... Read More »
Source: http://www.ehow.com/how_6907553_obtain-insurance-georgia.html
More Common Questions
Answers to Other Common Questions
There are two general types of policies, or combinations: lender's insurance (which pays the lender to cover its loss in security interest) and owner's insurance (which pays the owner in case of defective title).
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Source: http://wiki.answers.com/Q/Who_is_real_estate_title_insurance_paid...
A deed is a document that transfers an interest in real property. Insurance will cover in case of accident or death of deed holder
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Source: http://www.chacha.com/question/what-is-deed-insurance-and-real-es...
There are so many variables, you really should contact a multiline agent, or many agents, to get the quotes they will need to have information from you to properly quote these rates.
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Source: http://wiki.answers.com/Q/What_is_the_cost_of_liabity_insurance_f...
look in a book, NOT on the computer
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Source: http://wiki.answers.com/Q/How_much_money_can_a_good_NYC_commercia...
i don't know but you should ask your elders nimrod
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Source: http://wiki.answers.com/Q/What_leasehold_improvements_would_add_v...
Real estate owned or REO is a class of property owned by a lender, typically a bank, after an unsuccessful sale at a foreclosure auction.
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Source: http://www.chacha.com/question/what-does-the-abbreviation-r.e.o.-...
It is considered a cost for the buyer, since he is the one receiving the protection. In practice, it's one of those closing costs that the seller may pay as an enticement to a buyer.
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Source: http://www.answerbag.com/q_view/57125
