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

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Mortgage delinquency rates improve across key markets Jan. 31, 2013 /PRNewswire/ — The december mortgage monitor report released by Lender Processing Services (NYSE: LPS) and covering performance data for the full 2012 calendar year, found that while.

"You go to these places under the impression there is going to be treatment, and really you go sit in a room and talk and watch movies and your insurance gets charged hundreds of thousands. Florida.

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While flood insurance is required of any property owner in a high-risk flood zone with a federally backed mortgage, people in lower-risk areas. Harvey or last summer’s flooding in Louisiana. That.

Many higher-value homes near South Florida’s coast are overinsured because. mortgages such as Fannie Mae and Freddie Mac and replaced them with lower-risk zones where flood insurance is optional.

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