Look Who’s Pushing Homeowners Off the Foreclosure Cliff

[dixiegrrrrl]

14. I have no PMI, no escrow on my mortgage. But BOA keeps trying to forceplace insurance on us.

Even if you pay 20% or more down, you have to stipulate no PMI, no escrow, and self insurance.
The lender may balk at this or try to charge extra for it, but they can be argued with.
The major reason to try to gt 20% down is to avoid the escrow and PMI, since YOU pay for it out of the payments
and banks mess up the escrow account all the time. ( been there, down that with my first house).

Forceplaced insurance is an old game, and illegal, actually.