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Old 07-29-2008, 12:41 PM
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Default why can mortgage companies buy mortgages from...

...other lenders and then require additional insurance? caldwell banker sold my mortgage to citimortgage ..
citimortage purchased flood insurance on my behalf ..
my home is not in a flood zone
citimortgage is making me prove that my house is not in a zone through fema ..

when i purchased my house is 2006 Caldwell Banker provided me a certificate stating that home was not in a flood zone .. the sell was contigent on the house not being in a flood zone
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Old 07-29-2008, 01:56 PM
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Report this to the State Commissioner of Insurance because there is Flim-Flam being perpetrated . Get this to your local radio and TV station as well as your newspaper and send a copy to City Mortgage. If you have proof regarding the contingent clause that the house was not in a flood zone, report it to the Attorney General's Office pronto. These birds are giving banking a bad name .
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