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In reply to the discussion: Wells Fargo caught with "how to defraud homeowners" manual. [View all]dixiegrrrrl
(60,165 posts)21. them buying your insurance is illegal.
there are class action lawsuits right now about it. Google "class action forced place lawsuit"
and keep the info for future reference.If they owe you any money for past insurance, even better, you qualify for the suit.
Green Tree was picked by BOA as my new servicer. Both BOA and Green Tree have claimed to not received the insurance info, every year. I was actually hoping they would force place, as I could then sue them.
Luckily, I avoided the most common headache, which is to have an escrow account and let them pay the insurance.
they rip those accounts off easily and often.
Was delighted to read this week that Green Tree is being investigaged by the Feds.
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"Yeah, a buffer. The family had a lot of buffers." - Willi Cicci , Corleone Family "button man"
Hassin Bin Sober
Mar 2014
#29
I have to check my HD for the sourcing - which is a Rolling Stone's article.
truedelphi
Mar 2014
#88
Agree, they guys know how to play the game. It's all a calculated risk for them, jail
RKP5637
Mar 2014
#28
Yes, actually, that would certainly be a better solution for those with insatiable greed! n/t
RKP5637
Mar 2014
#47
After allowing the previous administration's war criminals amnesty, fraud is small potatoes.
Enthusiast
Mar 2014
#71
As your article mentions:Hedge Fund "Blackstone" is into this. Buying up houses all over country
KoKo
Mar 2014
#9
I tried to join a class action suit two years ago, and for some reason was turned down.
Fuddnik
Mar 2014
#75
dixiegrrrrl, I greatly value your contribution to DU, you are well informed and
ms.smiler
Mar 2014
#54
dixiegrrrrl, goodness, do I have a long way to go to catch up to the number of points made by you.
ms.smiler
Mar 2014
#85
I'm going to have to look up some information before I can answer any of these questions
Victor_c3
Mar 2014
#74
AnalystInParadise, rather than a strategic default, may I suggest a strategic Quiet Title?
ms.smiler
Mar 2014
#55
And, justice Dept. is too busy spying on the meta-habits of American people to care...
pragmatic_dem
Mar 2014
#84