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City: Waterloo
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Gmac Mortgage
Placed forced insurance on residence when we already had insurance and when private insurance lapsed they continued to raise cost of insurance till insurance cost over 800.00 montly

Gmac mortgage of waterloo. Iowa has ripped us off. They placed forced insurance on our second home in kill devil hills n.C.in jan gmac bought our mortgage from new century and the problems started. First of all, we had to have hazard insurance to qualify for our initial loan which we paid 1500.00 ...