National Mortgage Complaint Center Wants To Hear From US Homeowners If Their Bank Or Loan Servicer Stuck Them With Forced Placed Insurance
Written by Kathryn Flores on June 25, 2011 – 11:18 amThe National Mortgage Complaint Center is beginning a national initiative to expose banks, or loan servicing companies for ripping off home owners with forced placed insurance, and they literally want to hear from every recent victim. What is forced placed homeowners insurance? Typically forced placed insurance was put on homes, that were no longer occupied, because of issues related vandalism, and increased liability to the bank, in most cases because the home was unoccupied. As a rule forced placed insurance can cost three, to five times what a standard homeowners insurance policy costs. The National Mortgage Complaint Center says, “The big banks, and the major loan servicing firms have figured out there are huge profits in forced placed insurance, so they are arbitrarily putting forced place insurance on any homeowner they possibly can. We have had enough phone calls from consumers to know this is a gigantic problem, so we are encouraging homeowners, whose bank, or loan servicing company has stuck them with ultra expensive forced placed insurance to tell us their story via our contact on our web site.” http://NationalMortgageComplaintCenter.Com
(PRWEB) June 06, 2011
The National Mortgage Complaint Center is one of the premier advocates, and watchdog’s for the US mortgage lending industry. Read more…
Tags: Forced Placed, Forced Placed Insurance, Insurance, Placed Insurance
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How to encourage repeat bookings
Written by Kathryn Flores on June 24, 2011 – 1:13 amGetting booked up is the ultimate goal for holiday rental and cottage owners. Encouraging guests to return is one such way to achieve this goal efficiently. Studies also show that it’s less expensive to attract repeat customers than new ones – this makes sense considering the expense of marketing (and time) to attract new customers.
The good news is that attracting repeat bookings may be easier than you think. According to a recent poll, travellers are creatures of habit…
- a third of travellers return to the same destination for their annual holiday
- 10% return to the same destination more than 20 times
- 68% of those making a repeat visit did so as they knew what to expect
So what steps can owners take to encourage repeat bookings?
Exceed expectations
Although your marketing/photos sell your property, it’s always nice when a guest says that the rental ‘exceeded expectations’. If a guest has a good experience then there is every likelihood that they will return. Although th
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Last-minute homeowners insurance purchases will not cover flood
Written by Kathryn Flores on June 11, 2011 – 4:41 pmPIERRE, S.D. (AP) — People who bought flood insurance at the last minute after learning of plans to release record amounts of water through the Missouri River reservoir system will not have coverage for damage caused by the rising water, a federal official said Tuesday.
Barb Fitzpatrick, a senior flood plain specialist for the Federal Emergency Management Agency, said June 1 is the official start of the flood because that’s when the Garrison Dam in North Dakota began to release more water. Flood insurance underwritten by the federal government does not take effect until 30 days after it’s purchased, so no policies bought after May 2 will cover damage from the high water expected to last for a month or two. That’s the case even if the damage happens 30 or more days after the official start, she said.
Low-lying areas in Bismarck, N.D., and the South Dakota cities of Pierre, Fort Pierre and Dakota Dunes face rising water as the U.S. A Read more…
Tags: Flood
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How to Contact the Original Creditor in Collections
Written by Kathryn Flores on May 30, 2011 – 6:27 amIf you have a bill in collections, track down your original creditor to pay your bill and work on improving your credit. When a debt isn’t repaid, it can move from one collection agency to another while employees attempt to collect a portion of the debt. If you need to speak to the original creditor, find out their contact information and make the call. Original creditors may not be able to get the debt back from the collection agency it was sold to, but you can find out how legitimate the debt is by speaking with them.
Difficulty: Moderately Easy
Instructions
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- 1Check your credit report for a list of your debtors. Contact information, including addresses and phone numbers, is included. You can view a free copy of your credit report once each year at AnnualCreditReport.com.
- 2Call the creditor. Give your name and information they need to look up your debt.
- 3Ask if they are the original creditor or a collection agency.
Tags: Contact, Contact Original
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