Finally Some Justice

by Martin Arguello

It is truly outrageous that banks and insurance companies have gotten away with this for so long. I’ve seen so many clients who are being charged 2-10 times as much in premiums for these force-placed policies which offer less coverage than regular homeowners’ policies. It’s especially troubling because those clients tend to already be in financial distress. This lawsuit and the court’s decision are a small step in the right direction.

Lawsuit accusing GMAC Mortgage of overcharging homeowners on force-placed insurance policies to proceed.

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