Episode Synopsis "Mortgage and Insurance "
Everything you didn't want to know about foreclosures and mortgages and Insurance. If you're facing homelessness, bank whistleblower Brian Penny has a story for you. Force-placed insurance, also known as lender placed insurance and collateral protection insurance, is used to foreclose on your homes. Having worked at Countrywide Home Loans through the foreclosure crisis and its transition to Bank of America, I had a front seat to how the foreclosure mills work. This process will be used to take homes, cars, and other collateral in the aftermath of the covid-19 lockdown.