If you were a borrower or a co-borrower on a Wells Fargo residential mortgage loan that was closed by Genuine Title LLC between Jan. 1, 2009 and Dec. 31, 2014, you may be eligible for a potential cash award from the Wells Fargo Mortgage Class Action Lawsuit. According to the lawsuit, certain Wells Fargo employees allegedly received unlawful benefits from Genuine Title in exchange for referring borrowers to Genuine Title for the settlement of their residential mortgage. Wells Fargo denies the allegations but have agreed to settle the lawsuit in order to avoid the costs of further litigation. Eligible class members must file a claim by May 31st, 2016 to receive the award.
Wells Fargo Mortgage Class Action Lawsuit:
- Wells Fargo Claim Form
- Claim Form Deadline: 5/31/2016
- Who’s Eligible: All borrowers or co-borrowers on a Wells Fargo mortgage loan that was closed by Genuine Title LLC between Jan. 1, 2009 and Dec. 31, 2014.
- Estimated Amount: Varies. Subclasses 1 and 2 receive different awards.
- Proof of Purchase: N/A. You will have to submit a valid claim form if you aren’t automatically a class member.
- Case Name & Number: Edward Fangman v. Genuine Title LLC, Case No. 1:14-cv-00081-RDB, in the U.S. District Court for the District of Maryland, Northern Division
How to File a Claim:
- Head to the Wells Fargo Mortgage Claim Form and fill it out.
- Your form must be postmarked on or before 5/31/2016 to be eligible.
Bottom Line:
You may be a class member of the Wells Fargo Mortgage Class Action Lawsuit if you had a residential mortgage loan from Wells Fargo that was closed by Genuine Title LLC between Jan. 1, 2009 and Dec. 31, 2014. If so, you are eligible for a cash award. Apparently, certain Wells Fargo employees received benefits for referring borrowers to Genuine Title. Although the company denies any wrongdoing, they have agreed to settle the lawsuit with a one-time cash award for valid claims. So if you think you’re an eligible class member, file a claim by 5/31/2016 to receive your award. Don’t forget to take a look at our full list of Class Action Lawsuit Settlements!
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