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Mealey's Banking & Finance - Class: Reverse Mortgage Lender Conducts Excessive Inspections, Improperly Places Insurance

LOS ANGELES - Reverse mortgage lender American Advisors Group (AAG) "is scamming the nation's senior citizens and their heirs out of millions of dollars" by conducting and charging for numerous property inspections and force-placing property insurance on properties that are insured, the co-executors of a woman's estate claim in a putative class action filed Nov. 4 in California federal court (Nancy Palombi, et al. v. American Advisors Group, et al., No.19-cv-2120, C.D. Calif.).
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