Within this difficult financial occasions Lender of America is bulling homeowners into buying flood insurance more than their outstanding principal balance.in my own situation they went so far as to dam the unsused stability of my value line.
Eventhough I've had and outstading report of cost going back 4 years. Our unique collateral line is for $60,00. Outstanding principal balance of $34, xxx. 00. I've always keept a flood insurance plan appreciated in the initial quantity of the mortgage. Nevertheless, BOA has required that I boost the flood insurance to $250,000.00.
That Is extreme and unjust exercise targeted at possibly producing howowners reduced their mortgage or making them into foreclored.
"SERIOUSLY" Lender of America quit this unlawfull exercise and easy-up on the customers.
0 comments