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(EMAILWIRE.COM, September 29, 2011 ) New York, NY -- The attorneys working with Class Action.org are available to review claims from homeowners who suspect the flood insurance forced placed on them by their bank or mortgage company was unnecessary or excessive. Certain mortgage providers have allegedly engaged in unfair practices regarding forced placed flood insurance, potentially providing property owners who were coerced or forced into buying a costly and potentially unnecessary insurance policy the chance to take legal action. To find out if you can seek financial compensation for your forced placed flood insurance, visit http://www.classaction.org/forced-placed-flood-insurance.html today for a free, no obligation review of your claim.
Borrowers who were subjected to unfair practices in regard to forced placed flood insurance may have legal recourse. Specifically, these individuals may be able to participate in a forced placed flood insurance lawsuit if they were forced or coerced into buying an expensive flood insurance policy beyond federal requirements; purchasing a second flood insurance policy even though they already had an existing policy through a condo association or otherwise; maintaining or buying more flood coverage that what is stated by their mortgage contracts; or purchasing a second insurance policy after the bank or mortgage company refused acceptable coverage. In some cases, it has been alleged that when certain banks or mortgage companies forced placed a flood insurance policy, the cost of the coverage was either deducted from the borrowerÂ’s home equity account or added to their monthly mortgage payments.
Several institutions have already been hit with forced placed flood insurance lawsuits, including Wells Fargo Bank, Bank of America and GMAC Mortgage, LLC. Even if you borrowed from another mortgage company or bank, you may still have legal recourse if a second or excessive flood insurance policy was unfairly forced placed on your property. To learn more about forced placed flood insurance lawsuits, and to find out if you are eligible to seek compensation for the high costs of a potentially unnecessary policy, visit Class Action.org today. The attorneys working with the site are providing an online consultation at no cost and with no obligation and remain committed to protecting the rights of consumers who were subjected to unfair forced place flood insurance practices.
About Class Action.org
Class Action.org is dedicated to protecting consumers and investors in class actions and complex litigation throughout the United States. Class Action.org keeps consumers informed about product alerts, recalls, and emerging litigation and helps them take action against the manufacturers of defective products, drugs, and medical devices. Information about consumer fraud issues and environmental hazards is also available on the site. Visit http://www.classaction.org today for a no cost, no obligation case evaluation and information about your consumer rights.
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