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The Andres Lopez Law Firm
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Posts tagged "banks"

Regulators are cracking down on forced homeowners insurance

Federal regulators with the Federal Housing Finance Agency say that they are cracking down on something called forced-place insurance, which are policies that banks force struggling homeowners to take out during the foreclosure process to secure the property against damage. Some states have already taken action against this type of policy, which is purchased by the bank and then billed to the homeowner.

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