Nationstar Mortgage named in class action lawsuit in connection with use of force placed insurance

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If homeowners can't pay for this “force-placed” coverage, Nationstar. on such insurance policies, and the country's biggest brand-name banks. But some large subprime-mortgage servicers appear to be trying to. Inc. reached a deal to settle a class-action lawsuit in the U.S. District.. Connect with us.

My mortgage company force-placed insurance on me, however, I never had knowledge of it for two years. After numerous phone calls and letters they would always say there was a lapse of coverage for.

Force placed insurance lawsuits have claimed that lenders have been taking advantage of their customers when they force placing insurance, opting to buy exorbitantly priced coverage or force placing a policy, even when the property owner already had adequate insurance.

If you are affected by the Nationstar, Assurant Force-Placed Insurance Class Action Lawsuit, you may be able to make a claim and get a cash or credit award. To get started, you will need to fill out a claim form by 10/14/2015 and provide proof of identity.

The class action complaint was brought on behalf of all persons who have or had a residential mortgage loan or line of credit owned and/or serviced by defendants Nationstar Mortgage, LLC ("Nationstar Mortgage") and Nationstar Mortgage Holdings, Inc. ("Nationstar Holdings") (collectively "Nationstar" or the "Nationstar Defendants") and, in connection therewith, were required to pay for "force-placed" insurance on the secured property.

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The Class-Action & Compliance Sentinel keeps real estate professionals apprised of the latest developments in class-action litigation and compliance matters in your industry. We recognize that potential class liability often goes hand-in-hand with compliance issues, so it’s smart to stay abreast of both subjects.

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