Everyone Profits Off Force-Placed Insurance, Except Homeowner

October 3, 2011  |  Class Actions, Financial Fraud, Press Releases

Roland Tellis, an attorney from Baron & Budd’s Los Angeles office, said force-placed premiums can cost as much as 10 percent of the home’s value. “That’s outrageous,” he said.

Premiums are added to the outstanding balance of mortgage debt. Many homeowners don’t know or understand what’s going on. Read the full article here.

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