Stand Alone REO Insurance

Sometimes, finding insurance for your foreclosed properties can be difficult at best. The IL Group provides one of the few true Stand Alone REO Insurance programs in the industry, completely independent of your lender-placed program. With excellent coverages, rates and carriers, we can provide a solution for you.

Most insurance carriers will not cover Real Estate Owned properties without also providing the Lender Placed Hazard and Flood programs as well. But, at The IL Group, we have the ability to provide a stand alone REO program regardless of what carrier you have selected to meet your other needs.

With monthly reports of the properties requiring coverage, you pay a monthly premium to cover just those loans on your books at that time. This method provides the added benefit of not advancing monies toward premiums and, then, once the property is sold, waiting for a refund. Premiums are earned as they are paid, reducing the number of transactions required to maintain the program.