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Report: Chase Manhattan

Category: Mortgage Companies

Chase Manhattan Mortgage Company Flood insurance ripoff. Columbus Ohio

*Consumer Comment ..Flood Insurance Mistake

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Chase Manhattan

Phone: 800-848.9136
Fax:

3415 Vision Drive
Columbus, Ohio, 43219.6009
U.S.A.

Submitted: 11/20/2003 1:09:19 PM

Modified: 3/2/2006 11:59:46 AM

Sam

Delaware, Ohio

Ripoff Report Verified Safe

In May 2002 Chase Manhattan informed me that I was required to buy flood insurance because my house was in a Special Flood Hazard Area (SFHA). I complied to avoid adverse action by Chase.

Over the next 18 months, I was able to assemble conclusive proof (obtained from FEMA) that my house was not in a SFHA, and never had been. Chase issued a letter releasing me from the flood insurance requirement; however, this does not change the fact that I paid over $1,000 for two years' flood insurance that I did not want or need.

I wrote Chase and demanded reimbursement; this was ignored as I expected. Thus, I'm still out over $1,000. Short of suing Chase in small claims court, I see no recourse.

I would like to hear from anyone who has sued their mortgage company. I have some concern over possible retaliation by Chase(although I know it is illegal to retaliate for legal action). But I feel I am shirking on an important consumer responsibility by not taking action.

Sam
Delaware, Ohio
U.S.A.

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Flood Insurance Mistake Sandra [3/2/2006 9:05:27 AM]

Submitted: 3/2/2006 9:05:27 AM

Modified: 3/2/2006 9:05:27 AM

Sandra

Indianapolis, Indiana
U.S.A.

Flood Insurance Mistake

The same thing happened to me when FEMA re-mapped in my area, but neglected to include the exceptions, of which my neighborhood is one. Chase added flood insurance to my mortgage.

When I received my letter releasing me from that, it stated that the payments would be CREDITED TO MY ESCROW ACCOUNT, right there, in black and white.