General Discussion

CoffeeCat

(24,411 posts)

47. Can you imagine how many others are victims?

Sun Apr 26, 2015, 11:53 PM

Apr 2015

I imagine that this situation is not rare. Often (but not always) men deal with the finances
and matters like insurance. It makes sense that some wives may not be aware of the finer details of some of their household financial and insurance deals.

I could totally see this happening with my grandparents and parents.

I bet this has happened quite a bit. The bank just doesn't tell the spouse that their mortgage is free and clear, due to the death of their loved one.

I bet some of these crooks rely on that being the case, and the person who purchased the mortgage protection most likely relies on the bank to inform their living spouse about the mortgage being paid off.

What do you want to bet that this is pretty common? It's a total scam.

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Husband had loan insured, but bank never told his widow [View all] Omaha Steve Apr 2015 OP

I hope that lawsuit ensures she is well taken care of in her retirement nt okaawhatever Apr 2015 #1

Me too! DawgHouse Apr 2015 #16

k&r... spanone Apr 2015 #2

Another way the banksters cheat the people. jwirr Apr 2015 #3

I'm not surprised at all. When I handled my father's estate, the biggest nuisance by far involved Midwestern Democrat Apr 2015 #4

These financial corporations have raised corruption justhanginon Apr 2015 #5

+10 appalachiablue Apr 2015 #26

Can you imagine how many others are victims? CoffeeCat Apr 2015 #47

I presume, then, that you do not advocate equal pay for women. JayhawkSD Apr 2015 #52

So much wrong about your comment... CoffeeCat Apr 2015 #53

Not handling the finances does not require ignorance JayhawkSD Apr 2015 #54

Unless the partner is familiar with the situation, they are prone to fraud csziggy Apr 2015 #56

Responsibility is a forgotten concept. JayhawkSD Apr 2015 #58

The woman in this case was NOT irresponsible - she PAID the mortgage csziggy Apr 2015 #61

I'll help my family in their time of need but a bank pulls this shit kcr Apr 2015 #62

It's 98% of the banks that give the rest a bad reputation. lpbk2713 Apr 2015 #6

+1 FailureToCommunicate Apr 2015 #7

Hilarious, if it didn't have horrifying, real-life consequences. Joe Chi Minh Apr 2015 #11

snakes heaven05 Apr 2015 #8

These people are reprehensible TexasMommaWithAHat Apr 2015 #9

Despicable. Immoral and Unethical. Corporations are Legal Socipaths. Hiraeth Apr 2015 #10

Can we create a TNNurse Apr 2015 #12

great idea :-) secondwind Apr 2015 #24

B of A, no surprise. madamesilverspurs Apr 2015 #13

BofA is too big to function. Gormy Cuss Apr 2015 #57

evil B of A Liberal_in_LA Apr 2015 #14

around my house azureblue Apr 2015 #15

I know, my bank sold our home loan to Nationstar. fasttense Apr 2015 #50

Cases like this are the MAIN argument against so-called 'tort reform' PatrickforO Apr 2015 #17

I Disagree Yallow Apr 2015 #19

How is this any different from a man robbing a store that gets 5 years? I'll tell you how sendit Apr 2015 #25

Cases like this are the MAIN argument against so-called 'tort reform' The CCC Apr 2015 #21

That would GUARANTEE they would be ethical the next time around. PatrickforO Apr 2015 #40

The problem always is the judge sendit Apr 2015 #23

Malevolent fucks! Enthusiast Apr 2015 #18

Thread winner BrotherIvan Apr 2015 #35

Fraud is what they do. Enthusiast Apr 2015 #37

Lender provided mortgage life insurance is a rip off to begin with Major Nikon Apr 2015 #20

My shrink tells me to trust tomsaiditagain Apr 2015 #22

K & R. Can they get any lower, more corrupt? And these bankers were deriding & insulting appalachiablue Apr 2015 #27

Scum sucking bottom dwellers !! benld74 Apr 2015 #28

The only way to stop this crap is to pay victims AND jail bankers. Spitfire of ATJ Apr 2015 #29

The penalties have to be staggeringly huge. That's the only language these banksters understand. calimary Apr 2015 #32

Another is to ban those responsible from the industry.... Spitfire of ATJ Apr 2015 #34

That'd be another tactic to use. But we'd have to make that FEROCIOUSLY strong. calimary Apr 2015 #41

That is the only way to stop it. Enthusiast Apr 2015 #38

another of the 99% Thespian2 Apr 2015 #30

I think they oughta be taken to the frickin' CLEANERS. calimary Apr 2015 #31

Take 'em down NV Whino Apr 2015 #33

shameful and yet, not at all surprising marym625 Apr 2015 #36

This happened to my sister in the eighties, sadoldgirl Apr 2015 #39

That same thing happened to my friend here in Florida classykaren Apr 2015 #42

How do you put a corporate person in prison? NBachers Apr 2015 #43

Better call Saul seveneyes Apr 2015 #44

every night when I go to bed NJCher Apr 2015 #45

Many businesses count on seniors not knowing things. They are ripped off every day. glinda Apr 2015 #46

Glad to see someone else post this story... chervilant Apr 2015 #48

no ethics in today's business schools. profit pigs. pansypoo53219 Apr 2015 #49

My wife knows we have mortgage insurance. JayhawkSD Apr 2015 #51

This is the tip of the iceberg. blackspade Apr 2015 #55

Latest in a string of insults from this bank Egnever Apr 2015 #59

Home loans are guaranteed by the FDIC also AgingAmerican Apr 2015 #60