Posted on: 22nd Feb, 2009 04:46 pm
Countrywide put me in foreclosure for not paying forced placed insurance with an insurance company they own (Balboa) My insurances and taxes are escrowed yet I caught Countrywide charging me for forceplaced insurance with their own company. When I refused to pay they put me in foreclosure, how do I fight them without using bankruptcy?
hi nanaofzb,
i think you should consult an attorney in this regard. he will be the best person to tell you what steps you need to take in order to fight with the lender without filing bankruptcy.
thanks
i think you should consult an attorney in this regard. he will be the best person to tell you what steps you need to take in order to fight with the lender without filing bankruptcy.
thanks
if you have the proofs for the payment against the insurance cover of "your insurance company" then i think you have good stance on this case.
Plz contact any attorney for further help as they will guide you where to file a lawsuit. :wink:
Plz contact any attorney for further help as they will guide you where to file a lawsuit. :wink:
in my experience, the only reason countrywide would have come up with forced-placed insurance would be because you failed to maintain your own insurance coverage.
for a lender to obtain coverage when a borrower neglects to do so is a perfectly legitimate aspect of the mortgage business. if you review the mortgage deed you signed when you borrowed that money, you'll note that you are required to maintain insurance coverage throughout the term of your loan.
for a lender to obtain coverage when a borrower neglects to do so is a perfectly legitimate aspect of the mortgage business. if you review the mortgage deed you signed when you borrowed that money, you'll note that you are required to maintain insurance coverage throughout the term of your loan.
