Thousands of Florida mortgages could be at risk because of insurance abuse

Thousands of Florida mortgages could be at risk because of insurance abuse

mortgage foreclosure against Appellee. According to the complaint, Appellee owns a home subject to a mortgage for which Appellant is the mortgagee. Appellant averred that Appellee’s mortgage was in default due to Appellee’s failure to pay her monthly mortgage costs. The parties eventually agreed to settle the matter.

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Reverse mortgages: 15,000 older Florida homeowners at risk of foreclosure. Because the loan is federally insured, the government will make up most of the.. group Consumer Advocates Against Reverse Mortgage Abuse.

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TALLAHASSEEAn Ohio insurance-rating company has warned that recent court rulings and skyrocketing losses from water-damage claims have created an "uncertain operating environment" for Flor Thousands of Florida Mortgages Could Be At Risk Because of Insurance Abuse – PIFF.net

Reverse mortgages: 15,000 older Florida homeowners at risk of foreclosure and homelessness. The loans enable seniors to age in place but have failed many who can’t pay insurance or taxes.

Force-placed insurance, also known as lender-placed insurance, can cost up. a Star Tribune report on abuses within the force-placed insurance market.. justified because of the unpredictable nature of the risks they are accepting. Assurant will no longer be able to pay commissions to mortgage lenders.

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