Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I'm not sure where to post this but here goes: We HAD a mortgage with Bank of America (BoA), refinanced last Sept. w/our credit union to get a better rate. I happened to look at the homeowner's insurance continuation notice and see: Primary Mortgagee as BAC Home Loans Servicing, LP - and a 2nd Mortgagee as our credit union. I start getting scared, "who the (*&& is BAC Home Loans...?" - after googling, I find that it appears to be a company that BoA sells/sold bad loans to (as well as others that say no problems). Anyway: we NEVER had a late payment, problem, anything and they were paid off in Sept. '09. I'm just freaking because I can't get in touch w/insurance company until Monday.
Insurance provider probably just messed up and put the credit union as the 2nd when it should have been put as the 1st. Nothing to worry about, you can have your insurance agent contact the credit union or you can inform the credit union about it and they'll contact your insurance agent to get it straightened out.
Call them Monday. They will send out a notice to BAC (Bank of America Corp) that they are no longer the named mortgagee. I'm amazed your current first trust lender hasn't issued you warnings of non-insurance.
I got a letter, awhile back,stating I had violated terms of my farm mortgage cuz I dropped my insurance policy with State Farm.
State farm notified my bank.
First off, I have never had insurance on my farm thru State Farm. I had it for 35 years thru a different company.
My son ( different first name) did have insurance with them and cancelled it when he sold his house. Different address, different bank.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
