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Real Estate & Property Law

: The Home Equity Theft Reporter

Forced Placed Insurance Drives Central Florida Homeowner Into F'closure; Loan Servicer Backpeddles On Initial Demands After Inquiries From Local Media

By r morris

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In Port Richey, Florida, WFTS-TV Channel 28 reports:A Port Richey homeowner nearly lost his house not once but twice to foreclosure. Mark Poulsen said it had nothing to do with his payment history, but rather a new insurance policy.***About the same time when Mark lost his job, he says, CITI bank attached a $5,000 wind policy to his home. "My normal payment was $749 a month and the next statement

Full post as published by The Home Equity Theft Reporter on September 23, 2010 (boomark / email).

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