If you were a borrower with a loan secured by property in Florida who was charged by Homeward between July 1, 2008 and March 31, 2013 for one or more LPI policies, and who either paid some or all of this premium (less any refund you received), or did not pay some or all of this premium but still owe some or all of this premium, then you are eligible for a potential award from the Homeward Lender Placed Insurance Class Action Lawsuit! According to the lawsuit, Homeward Residential placed hazard insurance on homeowner’s properties when there was a lapse in coverage that cost homeowners way more than it should have. Homeward denied all allegations brought forth and continue to maintain that all charges for lender-placed insurance were appropriate and unlawful. However, they have agreed to settle the class-action lawsuit in order to avoid the further risk and cost of ongoing litigation. So if you are eligible, you must submit a claim by 8/29/16 to receive your potential award!
Homeward Class Action Lawsuit:
- Homeward Lender Placed InsuranceClaim Form
- Claim Form Deadline: 8/29/16
- Who’s Eligible: If you were or are a borrower with a loan secured by property in Florida who were charged by Homeward between July 1, 2008 and March 31, 2013 for one or more LPI policies, and who either (1) paid some or all of this premium (less any refund you received), or (2) did not pay some or all of this premium but still owe some or all of this premium, you are a member of the Settlement Class and may be eligible for a payment or mortgage escrow account credit
- Estimated Amount: Varies. (Amount will be 12.5 percent of LPI Charged on homeowners account during eligible class period.)
- Proof of Purchase: N/A
- Case Name & Number: Julie Ann Rico v. American Home Mortgage Servicing Inc., Case No. 502009CA034657, in Florida 15th Circuit Court
How to File a Claim:
- Head on over to the Homeward Lender Placed Insurance Claim Form.
- Read over the claim form to see if you are eligible.
- Fill out the claim form with your information. (Name, Address, Email, Phone Number, Etc)
- Submit your claim by 8/29/16 to receive your potential award!
Bottom Line:
For borrowers with a loan secured by property in Florida who was charged by Homeward between July 1, 2008 and March 31, 2013 for one or more LPI policies, and who either paid some or all of this premium (less any refund you received), or did not pay some or all of this premium but still owe some or all of this premium, you are eligible for a potential award from the Homeward Lender Placed Insurance Class Action Lawsuit. According to the lawsuit, Homeward Residential placed hazard insurance on homeowner’s properties when there was a lapse in coverage that cost homeowners way more than it should have. Homeward denies all of the allegations, however, they have agreed to settle the lawsuit in order to avoid the further cost of ongoing litigation. So if you are eligible, file a claim by 8/29/16 to receive your potential award! Don’t forget to take a look at our full list of Class Action Lawsuit Settlements!
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