Articles About Home Valuation
- Author:
- Jafer Hasnain
- Posted:
- 09.17.2009
Don’t Want to Buy Distressed Assets? Then Try Insuring Them
Warren Buffett’s Berkshire Hathaway has started selling insurance coverage on foreclosed homes occupied by distressed borrowers with the goal of making money from banks hurt by the mortgage market collapse. These policies are riskier than usual home coverage because the properties may be neglected or vandalized. “It’s part of the standard practice of Berkshire, which […]