Homeowners Consumer Center Launches Major National Initiative Focused On Loan Servicing Companies Gouging Homeowners With Forced Placed Insurance-Unnecessarily

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The Homeowners Consumer Center is launching a national homeowners initiative focused on identifying homeowners, who were not late on the mortgage payment, they were not late, or behind on their homeowners insurance payments, but their bank, or loan serving company slapped the homeowner with a new homeowners insurance policy unnecessarily. If a homeowner has had this happen to them within the last year, the Homeowners Consumer Center is requesting they contact the group via their web site at http://HomeownersConsumerCenter.Com

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and all of a sudden the bank servicing their home loan, or their mortgage servicing company has notified them that the bank, or loan servicing company has added a new homeowners insurance policy?

The Homeowners Consumer Center is requesting homeowners, whose bank has unnecessarily added a second homeowners insurance policy, and payment for this new insurance policy-to their monthly mortgage payment to contact them via their web site, in the hope they can help them. The caveat is the homeowner can not have been late on any of their mortgage payments in the last two years, and the homeowner must be able to prove that he, or she was also current with their homeowners insurance payments for at least two years. The Homeowners Consumer Center says, "We are getting phone calls from homeowners nationwide, who have never been late on their mortgage payment, they are current on their homeowners insurance payments, and all of a sudden the bank servicing their home loan, or their mortgage servicing company has notified them that the bank, or loan servicing company has added a new homeowners insurance policy? The homeowners we are talking about now have two homeowners insuance policies on their home? These homeowners we are talking to are confused, and so are we, so we have started this national initiative." For more information impacted homeowners should contact the Homeowners Consumer Center via their web site at http://HomeownersConsumerCenter.Com

The Homeowners Consumer Center says, "We can appreciate a bank's, or loan servicing company wanting to make certain a home is properly insured, and we are not asking homeowners who have been late, or their mortgage, or homeowners insurance to contact us. However, if the homeowner has not been late on their mortgage, and their homeowners insurance, and their bank, or loan servicing company has arbitrarily put on a second homeowners insurance company, we want to hear about it, and we are encouraging homeowners stuck in this dilemma to contact us via our web site. This type of homeowners insurance is frequently called forced placed insurance, and it is much more expensive that ordinary homeowners insurance." http://HomeownersConsumerCenter.Com

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M Thomas Martin
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