Thousands of Florida mortgages could be at risk because of insurance abuse

Reverse mortgages: 15,000 older Florida homeowners at risk of foreclosure. Because the loan is federally insured, the government will make up most of the.. group Consumer Advocates Against Reverse Mortgage Abuse.

About 1.3 million Americans could have their retirement funds at risk if Congress can’t come up with the money to pay the benefits people were promised. load error That is because a number of.

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Senior Financial Abuse - Steve Savant's Money, the Name of the Game - Part 2 of 5 In Florida. like everyone to believe insurance is a non-issue. Why? Because they know serious gaps remain in their drivers’ insurance policies and everyone from the driver, the passenger to third.

Getting a home loan is sometimes complicated. That is why mortgages are so attractive to would-be scammers. Learn how to spot and avoid different types of mortgage scams. Mortgage-Related Complaints If you have a mortgage-related complaint or think you have been the subject of one of the mortgage scams below, you have several ways of reporting your experience:

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“I could be. increasing her risk of experiencing violence. Women who marry at 18 or younger face a 23 percent higher risk of heart attack, diabetes, cancer and stroke than do women who marry.

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Improperly Force-Placing Insurance. Most mortgages and deeds of trust require homeowners to maintain hazard insurance coverage on their property. The property owner will generally purchase a homeowners’ policy to meet this requirement. But if the homeowner lets the coverage lapse, the servicer can obtain insurance coverage at the homeowner’s expense.

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Especially since it has much sounder fiscal strength than any of the private insurers taking out its policies, according to florida ratings agency weiss Ratings. Especially since customers could be at.

Florida has set up a parallel legal system. whose ambitions were bigger than their incomes and took out loans they could never pay back. However, thousands were driven into foreclosure because of.

Hurricane mitigation, or making homes more hurricane-resistant, is the one thing Florida lawmakers agree on, even when they fiercely quarrel over property insurance measures. They like it because.