Description

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Lenders can require that a homeowner maintain adequate insurance on their property, and should it lapse, they can obtain insurance coverage and add the costs of this force-placed insurance to the mortgage. Resulting from years of research in publicly available court files, this book discusses lender force-placed insurance practices (LFPI) in the hands of alleged predatory mortgage loan servicers. Written in a clear and accessible manner, this book brings to light an essential area of insurance law that reaches almost every area of consumer life in the country. It provides an easy-to-understand explanation of the subject and clear solutions to the continuing problems involved in LFPI practices. Well-known for his knowledge and advocacy in the area, author Dennis J. Wall identifies and examines in detail the key issues involved in LFPI. It is an essential resource for attorneys, financial advisors, and others who counsel borrowers and lenders concerning these practices. Topics include: - Current business practices in force-placed insurance - Claims and defenses in litigation - Statutes, agency rules, and regulations.

About the Author

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Dennis J. Wall is an experienced litigator whose firm, Insurance Claims and Issues Group, Inc., is in Winter Springs, Florida.