Insurance

Arson Threat Grows as Foreclosures Rise 

For those industry professionals that have worked in default management for any meaningful period of time, you learn pretty quick that borrowers facing the loss of their home will do some strange things — after all, it is a pretty personal event. Taking all appliances out is a pretty common sight; I personally can’t recall how many REO files I’ve seen where the former owner removed water heaters and stoves before packing up and leaving. So, too, is punching holes in drywall.