- Report: #1022706
Report - Rebuttal - Arbitrate
Complaint Review: Pell Moore (Allstate ) Insurance
Pell Moore (Allstate ) Insurance2101 Starkey Rd Largo, FL 33771 Internet United States of America
Pell Moore , Allstate, Insurance Pell Moore is a Homeowners Worst Nightmare and a Pretender Lenders Best Friend. Proficient in ID Theft Internet
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Because the hazard insurance is not only used to obtain your Homeowners title policy, it also used to allow the originating lender to get Mortgage Ins. on the property. and you pay a premium in your mortgage payment, also known as Mortgage Insurance Premium or MIP. In doing so, two insurance policies get placed on the home. If you are receiving forced place insurance when you already have insurance on your property this is a red flag.
In my case one policy was paid through the mortgage payment (MIP) and a "shadow" policy is placed by the true investors, also known as Private Mortgage Insurance or PMI. The true investor or beneficiary will be listed on the Mortgage Insurance Certificate. Call HUD to see who is on yours if you have an FHA loan.
The goal is to get the private investors insured under an FHA loan. This way the government guarantees to pay out on a default should the home be foreclosed on or in the event of a default in payments. The title company was also in on it.Google up Cheryl Wehlau of Gulf Coast Title now incarcerated for $8 MILLION Mortgage fraud scam.
Major Financial Services, a Private Real Estate Investor Group, also known as Wealth Builders, Real Estate Entrepeuners Association, also known as Real Estate Investors Association, and by a plethora of other names, in conjunction with Pell Moore, used my information to change and manipulate paperwork to send to the title company for the purpose of obtaining an FHA mortgage insurance certificate. He falsified documents by changing ( deliberately misspelling my name, a false address and two signatures on the same application, one for pretender lender and one for Countrywide Home loans.
In addition he had me listed as the servicer on the loan. I assure you I never collected any monies for a mortgage payment on my own mortgage, but there I am, listed as the servicer for my own loan. He then used that info to get the broker, or in this case the true lender ( Major Financial Services ) a Mortgage Ins. Certificate. Afterward the pretender lender files the mortgage as the real party of interest, which is grounds for dismissal (lack of subject matter, lack of standing, and lack of jurisdiction for court to hear suit since they are not the real party in interest.
BEWARE OF THIS SCAMMER AND CHECK YOUR CLOSING PAPERS, LOOK AT YOUR APPLICATION AND DEMAND A DEC PAGE FROM YOUR INSURANCE CARRIER FOR YOUR POLICY.
This report was posted on Ripoff Report on 03/02/2013 08:04 PM and is a permanent record located here: http://www.ripoffreport.com/r/Pell-Moore-Allstate-Insurance/internet/Pell-Moore-Allstate-Insurance-Pell-Moore-is-a-Homeowners-Worst-Nightmare-and-a-Preten-1022706. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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