On Your Side: Lender Paid Mortgage Insurance (LPMI) could be illegal

Categorized | STOP FORECLOSURE FRAUD

On Your Side: Lender Paid Mortgage Insurance (LPMI) could be illegal

On Your Side: Lender Paid Mortgage Insurance (LPMI) could be illegal

KRNV-

If you own a home, or are thinking about buying one, you may want to check your paperwork. You could be paying thousands of dollars for an insurance policy which you will never be able to collect on.

On Your Side is investigating what’s called Lender Paid Mortgage Insurance, or LPMI. It’s an insurance policy designed to protect the bank if you lose your home. But you are footing the bill, and you might not even know it.

In November 2011, Reno resident Rollin Lazzarone was busy submitting paperwork for a loan modification, hoping to keep his home and avoid foreclosure, when the Caughlin Fire happened. It destroyed 32 homes, including Lazzarone’s on Meadow Country Drive in southwest Reno.

[KRNV]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8610 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com
Kenneth Eric Trent, www.ForeclosureDestroyer.com

Archives