Force-Placed Insurance Class Action Lawsuit Initiated in Federal Court
By Daniel Edstrom
DTC Systems, Inc.
Mortgage Servicers are taking advantage of there position to increase fees by calling homeowners insurance providers and asking them to cancel the policy and send the refund to the servicer. They then place insurance with very low coverage costing typically four times as much. This is a common story we hear over and over again. Allegations in this case detail what happens behind the scenes. Chris Maxwell files this class action complaint against HSBC Mortgage Corporation (USA), Assurant, Inc. and Tracksure Insurance Agency, Inc.
Download case here: http://dtc-systems.net/wp-content/uploads/2012/04/MAXWELL-v-HSBC-MORTGAGE-CORP-COMPLAINT_FPI-FRAUD.pdf
Wells Fargo Bank and Patricia Martin Part 2 – A Bank that Cannot Be Trusted
By Martin Andelman
Reposted from http://mandelman.ml-implode.com/2012/02/wells-fargo-bank-and-patricia-martin-part-2-a-bank-that-cannot-be-trusted/
Okay, so here’s a quick recap, in case you’re coming in late, followed by an update that demonstrates very clearly why I say that Wells Fargo Bank and the law firm, Anglin, Flewelling, Rasmussen, Campbell & Trytten LLP… cannot be trusted.
First the Short Recap…
Patricia Martin, age 65, having lived in her home for 44 years, had major back surgery, so she had to send her daughter into the bank to make two payments. There were late fees of about $80 a month, but the person at Wells Fargo said they could be paid later, and accepted the check for the two payments.
The following month, October, Patricia’s home heating system required major repairs, so the next time she was able to make her mortgage payment was the following month, November. But, when she tried to make the payment, the bank said that she hadn’t made the September payment, and in fact, she was in default, and had to come up with $4829.96 by November 30th, or the bank would foreclose. Continue reading “Wells Fargo Bank and Patricia Martin Part 2 – A Bank that Cannot Be Trusted”