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
