- Report: #72562
Complaint Review: Chase Manhattan - Columbus Ohio
-
Author Not Confirmed
Why?
Chase Manhattan
3415 Vision Drive Columbus, 43219.6009 Ohio, U.S.A.
Phone:
800-848.9136
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Chase Manhattan Mortgage Company Flood insurance ripoff. Columbus Ohio
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.
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.
1 Updates & Rebuttals
Sandra
Indianapolis,Indiana,
U.S.A.
Flood Insurance Mistake
#2Consumer Comment
Thu, March 02, 2006
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.
