Comments on: Losses from Force-Placed Insurance Are Beginning to Rankle Investors

By: Ed Cage

Ed Cage — Sun, 30 Jan 2011 23:43:28 +0000

FPI scams, and illegal FPI abuses are rampant in the last year. The worst two ultra corrupt as in *illegal* entities I have researched are Wells Fargo and the infamous Balboa Insurance.
Ed Cage

By: RAMONA

RAMONA — Sun, 14 Nov 2010 23:59:41 +0000

In reply to RAMONA. DEBTOR JAILS

By: RAMONA

RAMONA — Sun, 14 Nov 2010 23:56:42 +0000

In reply to Alabama John. MY QUESTION IS WHY ARETHESE INSURANCE COMPAINIES PAYING THESE FRAUDULANT CLAIMS?

By: RAMONA

RAMONA — Sun, 14 Nov 2010 23:54:29 +0000

THEY FORCE PLACED INSURANCE ON CREDIT CARDS ALSO, SO WHEN I STOPPED PAYING MYCREDIT CARD TO MAKE SURE MY HOME WAS PAID , THOSE CREDIT CARDS GOT THEIR MONEY BECA– USE THEY ARE THE ONES WHO PUT IT ON THE CARD. SO WHY ARE THEY STILL HARASSING ME FOR MONEY?WHY? BECA– USE THEYDONT, THEY SELL IT TO THEIVING ATTORNIES WHO THEN SEND OUT FAKECOURT DOCUMENTS THAT YOU HAVE TO ATTEND OUR THEY ARE GOING TO PUT YOU IN JAIL.

By: yvonne

yvonne — Sun, 14 Nov 2010 16:50:27 +0000

DOnt be fooled by all this…they all owned the forced insurance companies for their self gain…they do not need to pay higher costs…I found out myself…they take out group insurance which is a much lower cost and then insure your property for more than twice the balance of the mortgage amount which I understand is not kosher…
So, the servicers are also the owners /investors and also the trustees and the list goes on…so now they will want a bailout on this too…with more tax dollars…
Detusche Bank I believe may be violating the antitrust laws…the owners of the forced [laced insurance are owned by these large banks…so the money trail ends in once big pocket…DB now ownes GMAC and Ocean Bank and Ocean Bank supposedly owns Homecomings, a GMAC company owned by DB ..DB keeps the names of those enbtities for years I believe to deceive and to violate the anti trust laws…there are so many aspects to the fraud and crookedness that the foreclosures are exposing…am sure they are regretting going that route to recapture more funds from the home owners…but too late…Panderos Box has been properly opened…just be vigilant regarding what else comes out of it…

Bailing out the insurance with the stimulus was also a huge scam/sham/ brilliant strategy…

Take a closer look at who owned the forced insurance companies besides Bank of America…happy hunting…

By: Alabama John

Alabama John — Sun, 14 Nov 2010 14:17:36 +0000

I still say that the Title Companies are our best bet to make our points.
No one will want to buy your home after foreclosure if they can’t get a clear title to it.
In order for a clear title to be issued, the Title Insurance Company will want the same documentation we are asking for and not getting.

Time is on our side as the houses we are kicked out of sit empty the theft and destruction that will go on will be such a loss that no insurance company will insure that kind of loss for long. The losses of equity will be tremendous.

Better to leave all us that have paid on time alone and we can start paying again when the economy gets back to normal and we are working again.

By: rick

rick — Sun, 14 Nov 2010 14:15:15 +0000

“They” can also force place wind insurance, when the only place to purchase wind insurance, for myself personally, is Citizens. No other insurance company will insure me. I have no options.
No competition and no options.
SCAM.