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

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 · The Palm Beach County couple is facing simultaneous foreclosures on three homes. They got into this mess not because they couldn’t make their monthly mortgage payments, but because all three of their lenders added expensive and unnecessary insurance policies to their loans three years in a row. One of the policies cost more than $16,000.

Insurance Fraud and Abuse: A Very Serious Problem Stephen Barrett, M.D. Fraud and abuse are widespread and very costly to America’s health-care system. Fraud involves intentional deception or misrepresentation intended to result in an unauthorized benefit. An example would be billing for services that are not rendered.

The Florida Legislature recently passed a bill that would make remote online notarizations legal, a move that could. more on their mortgages than their homes were worth. Now thousands of Orlando.

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Credit life insurance is a life insurance policy designed to pay off a borrower’s debt if that borrower dies. The face value of a credit life insurance policy decreases proportionately with an.

Tricks Insurance Companies Use to Deny Your Claim  · This decision is based heavily on how AOB abuse has created what they call “an uncertain operating environment” in the state. This downgrade can directly affect the mortgages of thousands of Florida homeowners, since mortgages backed by Fannie Mae or Freddie Mac require A-rated property insurance, or else the mortgage could be in default.

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