Wells tried to force-place insurance on us. Our paperwork specifically stated that we were not in a flood zone. Our house was up on a hill and no way unless there was another Noah’s Arc flood would we ever be flooded. But first they tried to say we had no insurance, we paid our own insurance premiums. When our insurance became due we would pay for the whole year all at once instead of payments. When they said we had no insurance and if we don’t get any they would gladly inflict us with their high premium insurance,the war started. So my phone calls to them started, said we had insurance with Allstate, said premuim was paid for the year and the check cleared the bank. Sent them a copy of the policy, copy of the bill and canceled check. Still they whinned about no insurance. Had our insurance agent call them and he had a hard time convincing them yes there was insurance coverage. Finally cleared up but then we got the letters about not having flood insurance. Finally got that cleared up after several weeks. Wasted time that did not have to happen. It’s all about making money and taking the deed.

Pam, we should talk…they tried the same with me and I did not know until I needed some information on my homeowners which I had part with State Farm and part with bank…when they tried to find out about my insurance, Balboa name came up , they have so many other insurance companies, they could not find my records…now I keep getting insurance with this Balboa again and I have been paying my own insurance and taxes for a few years now…go figure…they also do a large group policy which should be much cheaper than the individual policy so they are raking in billions again off us…and they insurance for double or more of the remainder of the mortgage…they sure know how to make money off us…and I think that they also get some credit with the IRS..this is what I am trying to find out…interestingly enough they have not tried to send me any bills since the attempted foreclosure only disclosures of insurance. Somehow we are not hearing much about Deutch these days and what proof do we have that GMAC are connected with them? And what happen to Homecomings which used to service the loans and belonged to GMAC, no advertising themselves as Ally…

It’s another trick by servicers, not only to get kickbacks from insurance companies, but to tip the balance toward default, on which they, of source, make much more money.