Which National Mortgage Field Service Firms Are Sued The Most By Homeowners?

A review of court records by The Huffington Post turned up more than 50 homeowner lawsuits against banks and the two largest property management contractors in the U.S. stemming from break-ins of occupied homes. The allegations follow five years of generally woeful management of the foreclosure industry by all involved, as the inspector general for the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, is raising red flags about the lack of contractor oversight by the government-backed mortgage giants.

You had better have lots of E&O insurance when working ion the mortgage segment of the industry ... the home of 99% of all of the problems.

READ the Huffington Post Report.

 

Comments

[Joe Zuazua]

As recommended by Richard, commercial inspections are the best, my second fav is photos only vacant homes, drive-by, nothing to deal with tenants, and you'll live longer.